Blog
Latest NewsN. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Baby Boomers Are Number One.
Baby boomers comprised the highest share of buyers and sellers nationwide according to the National Association of REALTORS®' 2023 Home Buyers and Sellers Generational Trends Report. Baby boomers—people ages 58 to 76—accounted for 53% of sellers and 39% of buyers...
The Swimming Pig.
In the beginning of the First World War, the German cruiser Dresden set out for the south Atlantic. On board was a pig, probably as a source of fresh meat during what was anticipated to be a long voyage. After the battle of the Falkland Islands in December 1914, HMS...
Global Luxury Buyers Say Yes.
A recent survey of over 1,200 high-net-worth consumers from 12 countries reveals a positive outlook on the U.S. luxury real estate market. 80% of global luxury consumers believe purchasing real estate in the U.S. is a safe investment, and 76% rate the current market...
Will New Homes Get Cheaper?
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....
Phoenix House Flippers Lose.
Phoenix is second in the country in negative returns for home flippers in the first quarter of this year. The average Phoenix flipper lost nearly $10,000 on each flip. Only Austin Texas did worse. Phoenix has also had one of the lowest raw profit margins - overall...
What Will Hurt you when Selling your Home.
According to Opendoor, 54% of purchasers dislike outdated bathrooms. Other top buyer turnoffs are old carpet - 49%; outdated kitchen counter tops and cabinets - 41%; textured (incl. popcorn) ceilings - 32%; and outdated appliances - 30%. With kitchens and bathrooms...