Blog Archives

Post Image

Phoenix is Veteran Friendly.

Metro Phoenix ranks number 2 in VA home loan originations in the U.S. That means lots of veterans are moving to or buying homes in the Valley of the Sun. This demonstrates the continuing popularity of Arizona to the U.S. armed forces community (and their dogs).

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Phoenix Sets New Record!

The median home sale price in the metro Phoenix area in November was $285,000, a new median price record. For December, it is anticipated that median sales will set a new high-water mark for 2019. If true, based on the past, a new record median price for December will create strong upward price momentum in […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Real Estate Best Investment.

Bankrate.com reports that 31% of people believe that #realestate is the best long term #investment to build wealth. The stock market was a distant second at 20%. The #Phoenix area’s home value growth shows this belief is reality.

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

They’re Moving to Phoenix.

According to Bloomberg, 200 people arrived in greater Phoenix from 2017 to 2018 on a daily basis. That represents a 26 per person per day gain from the previous period of 2016-17, when the metro Phoenix area welcomed 174 daily new arrivals. That makes the Valley of the Sun number 1 in domestic migration numbers, […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Phoenix Adds the Most Jobs.

The Phoenix area added 13,200 construction jobs during the 12-month period that ended in June, an 11% jump. The figures come from Associated General Contractors of America, which analyzed federal data for jobs in construction. Those numbers show that the Phoenix market added more building jobs than any other market in the U.S. during that […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

They’re Moving to Phoenix.

More than a third of people searching Redfin.com for Phoenix homes last quarter were from out-of-town. In the Redfin Migration Report (www.redfin.com/blog/q1-2019-housing-migration-report), Phoenix was named as the top destination in the country, particularly among people from Los Angeles and other expensive and high-tax metropolitan areas.

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Buy Don’t Rent!

The latest Rent vs. Buy Report from Trulia shows that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. This includes Phoenix, which is in the top 10 in size. These numbers show that the average range is 26.3% less expensive […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Condo Sales Soar.

New condo sales in the Phoenix metro area were up 57% last year over 2016, setting a yearly record. Resales were also up 12%. This reflects the popularity of this style of housing choice and the affordability of condos – as increases in value of single family homes have priced many people out of that […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Don’t Forget New Homes.

RL Brown Housing Reports has calculated the average new home closing price in January at $407,736. That means new home prices in the Phoenix metro area have rose only by an average of $5,000 over the last 12 months – while resale homes have increased around $30,000 during that time. This makes new homes a […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

4 Reasons to Buy a Phoenix Area Home Now.

1. The price is right. Although overall median prices have risen, most of that increase is at the low end, and not in higher priced areas such as Scottsdale or Paradise Valley. 2. It’s cheaper to buy than rent in the Phoenix metro area, and in nearly every other Valley of the Sun city too. […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Don’t Lose Your Home – Avoid Disaster Magnets.

What are disaster magnets? They are cities with the greatest chance of having their housing destroyed. When looking for a place to invest in a second home, it makes sense to avoid those areas. Risk Management Solutions has ranked cities on a high to low probably of disaster scale. The city has the highest risk? […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Watch out for Simplistic Stats.

Facts and figures on the sale prices of homes are often confusing and can even be misleading. One problem is that many of these statistics combine both new and resale prices into one data point. In a marketplace where there is a significant difference between the prices of new homes and the prices of resale […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

New Build Construction Still Spotty

According to a leading new home analyst, there is little evidence to suggest that the new-home segment of the housing market in the metro Phoenix area has begun to recapture any significant level of market share versus the resale market. New home construction by both production and custom builders has lagged the broader market.  Although […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Trees Can Mean Big Bucks.

Although not always present on Arizona lots, the number of trees can be a powerful influence on home buying nationally.  In an eastern-U.S. centered study, 18% of repeat buyers and 25% of buyers purchasing a new home said that being on a wooded lot or on a lot with many trees was very important to […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

How to Know What’s Going On.

Want to get real-time information about construction activity, development, building permits, and code enforcement in your metro Phoenix area city? In Scottsdale, go to www.scottsdaleaz.gov/bldgresources/alerts/services to sign up for the “Scottsdale P & Z Link”, a bulletin that includes information about new planning and development projects. Or search your neighborhood at https://eservices.scottsdaleaz.gov/eservices/dmc/CompleteList.aspx. For Phoenix, some […]

Area: sqft Bed Room:  Price: 
City:  Location: