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If you were to break down the overall U.S. economy into a pie chart, you would see that the housing market makes up one of the largest pieces of the pie. In fact, housing makes up approximately 16-18% of GDP, second only to healthcare. Understanding this dizzyingly complex…
There is a profound line from John Lennon that says, “Life is what happens to you while you’re busy making other plans”. If you’re willing to follow me and read on, I think it’s worth talking about this idea in the context of the real estate market. We end…
This month, I thought we would do something a little bit different and take a look at this index as it relates specifically to the 18 major cities that make up the Greater Phoenix Metro Area. This will help us understand a few things, including which areas are doing better…
It’s that time again, when we are far enough into the year (six weeks as of this writing) to start seeing the beginnings of a few important trends. Specifically, we want to assess the number of new listings coming to market, which is the supply side of the equation.…
Here we are again with another year behind us, and it’s time to review the chapter that just closed. This is an important exercise, I believe, because it allows us to put each month’s changes into a broader context. In this newsletter, our aim is to help explain the…
It seems that just about every year, there is someone out there claiming that the world is going to end on some remarkably specific date and time. They’re so absolutely sure of this, and they make fantastical claims about the conspiracies to cover up the truth. They want…
This month, we’ll discuss why buyers are asking to have their costs paid by the seller, what those costs actually consist of, and why sellers should be prepared to potentially pay for them in today’s market.
We often discuss supply & demand, the market index, and interest rates, but this month, I thought it would be beneficial to explore a different metric: the Listing Success Rate, or LSR.
In the Nerd Talk section of our monthly newsletter, you have likely come to expect an analysis of current market data, stats, and charts. While I still intend to share some data with you, this month is more of a message directly to today’s anxious home…
The topic of supply & demand is a regular theme in this newsletter, as many of you know. Something we spend less time talking about, however, is the myriad of factors that directly affect the decisions individual buyers and sellers make every single day. The decision…
In this month’s newsletter, I would like to address the topic of distressed sales directly because, while still a very small percentage, the increase over the last few years is notable.
Most people have heard the terms “buyer’s market” and “seller’s market”, but what does that really mean? The easy answer is that the type of market, buyer’s or seller’s, simply describes who has the upper hand in negotiating. That’s the easy answer, but…
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