This week in Phoenix real estate…nothing like raising the interest rate by 2% to grab the attention of the Phoenix real estate market. The Mortgage Bankers Association index of 5.36 is 2.03 points higher than it was on January 1. For the median home price (currently $470K) that equates to an increased monthly payment of about … [Read more...] about This Week in Phoenix Real Estate….May 9 2022
Phoenix Real Estate
This Week in Phoenix Real Estate…April 18, 2022
This week in Phoenix real estate… Signs are continuing to point to an excruciatingly slow return to “normal” in Phoenix real estate. We saw a 16% increase in active listings compared to this time last year (WOW!!) which is a mere 61% less than we had in April 2020. Well, that was that whole COVID year, sooo. OK, a mere 70% less … [Read more...] about This Week in Phoenix Real Estate…April 18, 2022
This Week in Phoenix Real Estate – February 14, 2021
This week in Phoenix real estate...it's not exactly news that that there aren't enough houses to go around. What might be surprising is how quickly the lower price ranges are changing. Homes on the market, priced under $400K, are down 47.6% compared to last year. However, homes priced between $400K-$500K are up 109% overall, … [Read more...] about This Week in Phoenix Real Estate – February 14, 2021
This Week in Phoenix Real Estate – February 7, 2022
This week in Phoenix real estate...How can people afford these prices? That's a good question, with home prices here in Phoenix continuing their meteoric rise and interest rates heading up as well. The Housing Opportunity Index, HOI, published by the National Association of Homebuilders, pegged Phoenix at 51.2 for the 3rd … [Read more...] about This Week in Phoenix Real Estate – February 7, 2022
Phoenix Real Estate Market Update – Weekly Snapshot for May 31, 2021
The gently, almost imperceptible “cooling” of the Phoenix real estate market continues. Still too early to make it a trend, but several metrics declined slightly from last week. Contract ratio - the measure of active listings compared to those under contract is down to 231 from 274 last month. That’s still 231 homes under … [Read more...] about Phoenix Real Estate Market Update – Weekly Snapshot for May 31, 2021
This Week in Phoenix Real Estate – April 12, 2021
THIS WEEK IN PHOENIX REAL ESTATE... Phoenix real estate in April 2021 is showing some signs of leveling off. Active listings are up a teeny bit from last week but still woefully short of what's needed. With 4135 homes for sale, this is the highest volume of active listings we have seen since mid February, and it wasn't exactly … [Read more...] about This Week in Phoenix Real Estate – April 12, 2021
