by kramoltz@hotmail.com | Aug 11, 2023 | Home Buying, Real Estate Facts & Figures
Lumber prices plunged around 66% last year as the result in decreased demand by home builders and the faltering US housing market. As a result the price of lumber plummeted to less than $400 per 1,000 board feet as of January 2023 from over $1,200 in March 2022....
by kramoltz@hotmail.com | Feb 28, 2023 | Home Buying
The share of home sellers offering concessions to buyers jumped in the final three months of 2022. Concessions are being offered as an incentive to attract buyers and in an attempt to prevent listing price cuts. Approximately 42% of homes sold in the fourth quarter...
by kramoltz@hotmail.com | Aug 5, 2022 | Selling Your Home
Studies have shown that some homeowners who want to move say they won’t put their home on the market because they are waiting for the highest possible price. This is the same unwise strategy holders of stocks employ when they say they won’t sell until a stock...
by kramoltz@hotmail.com | Mar 22, 2022 | Home Buying
Nearly 90 Phoenix homes sold for $100,000 over the listing price in first six weeks of 2022. During the same period in 2021 there were only 11 transactions of $100,000 above the asking price. One reason for the increase is that non-primary buyers accounted for 36% of...
by kramoltz@hotmail.com | Jan 23, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
We began 2020 with normal demand while seeing a 31% decline in homes for sale in metro Phoenix. This lack of supply was described by Michael Orr at that time as “shocking”. Although during the first six months of the year demand was uneven due to the Covid outbreak,...
