Since the middle part of 2022, the discussion around the significant drop in buyer demand has been focused primarily on the affordability issue — from the continued high cost of housing and the high mortgage rates.  Home sellers have certainly felt…

For many of us who have called the Phoenix area our home for the last several decades, it has been hard to miss all of the changes throughout the valley. New commercial centers, new freeway systems, and, of course, many more people and much more housing. The North Valley up…

Over the last few years there has been a lot of talk about the notable shift our market has experienced since the second half of 2022. While I know my own commentary has addressed the changes, I must admit that the comparison of today’s market to that of 2021-2022…

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…