For Buyers: Greater Phoenix contract activity dropped 39% over the course of 6 weeks between March and mid-April. The effects of those declines are now being reported over a month later as a 31% decline in closed sales. This isn’t surprising, you can’t close what was never opened. But that’s already old news, what isn’t … [Read more...]
Arizona Real Estate Market Update as of 5/15/2020
Over the past 2 weeks the CEO’s of Realogy, Zillow, Redfin, RE/MAX, Keller Williams, and eXp all stated their confidence in the real estate market and expect continued increases in demand. Sellers are selling and buyers are buying. We are still not out of the woods yet and we do not know what will happen tomorrow, but there is a … [Read more...]
COVID-19 and The Aftermath Thus Far
For Buyers: The kickoff of 2020 was developing into a nightmare for normal buyers who just wanted to find a place to live. Extreme competition for homes between wholesalers, cash buyers, vacation rental investors and traditional buyers depleted supply and created an environment consisting of multiple offers, appraisal … [Read more...]
9 Ways We’ll Bring Real Estate Right To You!
Buying a home can be a daunting and overwhelming experience, let alone while trying to do so in the middle of the Covid-19 pandemic. In today's ever changing world, we are modifying and adapting our real estate practices to serve our clients in the best and most efficient ways possible. While we have performed a … [Read more...]
Do Not expect a Housing Crash here in AZ due to COVID 19
According to an article published this morning by the Arizona Republic, there is not a housing crash expected here in Arizona due to the COVID-19/corona virus pandemic. Great information that we wanted to pass along to you all! Don't expect metro Phoenix housing market crash due to COVID-19 Catherine Reagor, Arizona … [Read more...]
Officially a Frenzy: 11% More Contracts Than Listings For Sale
For Buyers: Not even the COVID-19 coronavirus can slow down the Greater Phoenix housing market. For every 100 active listings in the Arizona Regional MLS there are 111 that are already under contract. Greater Phoenix is officially a frenzy and its only March. We can expect to see this continue at … [Read more...]
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