And now, for the traditional look-back at the year that was. How did the Phoenix real estate market fare in 2015? Not too shabby! In a nutshell, 2015 favored sellers over buyers in most areas, as has been the trend since 2011. The good news for buyers, however, is that sellers can no longer dial it in. There were far more … [Read more...] about Phoenix Real Estate Market – 2015 in Review
Told ya... As expected, the Federal Reserve announced that short-term interest rates would rise by 25 basis points (0.25%), the first time the interest rate has increased since 2006. For seven years, the Fed held short-term rates near zero to apply the paddles to the cardiac crisis that hit the US economy back in 2006, and … [Read more...] about Interest Rates Rise for the First Time Since 2006
Rent or buy? Gosh, isn't that the $64 Million Dollar question? And as many things go in real estate, the answer depends on your circumstances. Let's start with the current state of rentals here in Phoenix. In the ARMLS rental database the overall average lease rate for active listings is $1,820 per month and the … [Read more...] about Rent or Buy Your Home…Which is Better?
[youtube https://www.youtube.com/watch?v=mVF5CjI-p-4?rel=0&w=853&h=480] A cold hard look at the inventory of affordable homes in Metro Phoenix, priced in the sub-$200K range - the sweet spot for first time and re-entry buyers, is sobering. Folks, there is no sugar coating this factoid. These homes are going … [Read more...] about Affordable Homes in Phoenix — $200K or Less, Going Fast
[youtube http://www.youtube.com/watch?v=4a-B_VVIau0?rel=0&w=853&h=480] A LONG overdue update of the Phoenix Real Estate Market - live from Volstead Public House at 105 W Main St in Mesa! Things are VIBRANT in the Phoenix real estate market right now, with an edge to sellers in most cases. Sales volume has started to … [Read more...] about Phoenix Real Estate Market Update – September 2015 – Live from Downtown Mesa