Arizona Real Estate Notebook
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The blog shares Independent analysis of the Phoenix, Arizona real estate market.
John Wake a Real Estate Agent, Associate Broker and Realtor helps U.S. home buyers and sellers learn how real estate really works so they can be prepared before they buy or sell a home.
Arizona Real Estate Notebook
4d ago
Red Line = Single-Family Detached Homes Listed for Sale in the Metro Phoenix MLS Real Home Prices 9% Higher than 2005 Top Free-and-Clear Home Owners • In Maricopa County, 32.1% of home owners have no mortgage. • The national rate is 38.5%. Source: ResiClub Phoenix is #1 for Landlords Buying Brand New Homes Source: ResiClub Click on ..read more
Arizona Real Estate Notebook
1w ago
The number of homes for sale in metro Phoenix continues to drift higher at a time of year when it usually drifts lower. Homes for sale are now higher than at this time in 2018. “Hobbs said the program should help around 500 families.” ‘Arizona is Home’ program officially underway – 13News Tucson The state ..read more
Arizona Real Estate Notebook
2w ago
$481,000 = Median Price of Single-Family Homes Sold in March in Metro Phoenix. 1 Month = Up $6,000 or 1%. 1 Year = Up $32,000 or 7%. 2 Years = Down $9,000 or 2 ..read more
Arizona Real Estate Notebook
1M ago
The number of homes for sale (all home types) in the Phoenix area MLS could surpass 2018 levels in a week or two. Arizona Gov. Katie Hobbs vetoed bill that would have restricted local government zoning “The bill drew opposition from the League of Arizona Cities and Towns and local officials from across the state ..read more
Arizona Real Estate Notebook
1M ago
And 8% above the peak in 2005. And nearly double the price in 2000. Phoenix Real Estate Market – Feb 2024 Supply Still Increasing in High Season! The number of single-family homes for sale in metro Phoenix is still increasing a bit, at a time of year it’s usually flat or falling. HUGE difference from ..read more
Arizona Real Estate Notebook
1M ago
$10,000 First-Home Buyer Tax Credit? In his State of the Union speech, President Biden pitched the idea of a $10,000 first-home buyer tax credit. That gives me deja vu. Do falling house prices create tax credits? Just Updated My Fed Housing Charts on RealEstateDecoded.com The page is a GREAT way to see what’s really happening ..read more
Arizona Real Estate Notebook
1M ago
Prices are Up! Number of homes for sale (all home types) in metro Phoenix is 12% above this week last year and only 3% below this week in 2018, 6 years ago. BUT the median single-family home sold price increased $10,000 in February, from $465,000 in January to $475,000 in February. The median single-family sold ..read more
Arizona Real Estate Notebook
2M ago
Inflection Point It takes a really strong force to get the number of homes for sale to increase at a time of year when they usually decrease. Conclusion. Prices may NOT increase this spring. Total number of homes for sale (all home types) could match 2018 by the end of March Phoenix Real Estate at ..read more
Arizona Real Estate Notebook
2M ago
Inflection Point? We could have seen an inflection point in the market last week. At a time of year when the number of single-family houses for sale is usually flat or falling, the number INCREASED a lot last week. Especially in luxury areas like Paradise Valley… and Scottsdale! An underlying trend is especially strong if ..read more
Arizona Real Estate Notebook
2M ago
2023 Phoenix single-family house sales are down 40% from 2021 It’s safe to say we’re in a real estate sales recession. Huge downside risk for real estate prices IF the overall U.S. economy also goes into recession. Fortunately, a “soft landing” is looking more and more likely for the overall U.S. economy. Phoenix house prices flat for ..read more