by kramoltz@hotmail.com | Jun 13, 2023 | Canada and Canadians, Home Buying
If you were thinking of buying a vacation or second home in the Frozen North, you need to put your plans on hold. As of Jan. 1,2023, Canada has enacted a two-year ban on the purchase of residential property by most non-residents. The Prohibition on the Purchase of...
by kramoltz@hotmail.com | Jun 2, 2023 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix has one of the best downtown living experiences in the country according to StorageCafe. Its 2023 Downtown Living Hotspots report ranked the 30 largest cities in the U.S. using various categories including cost of living, rental inventory, apartment amenities,...
by kramoltz@hotmail.com | May 24, 2023 | Home Buying, Real Estate Facts & Figures
In 2023 Housing Trends, Part 1 I detailed 3 new trends. Here are 3 more: 4. Cash Remains King. All-cash repeat buyers jumped to 27% of the market nationwide during 2022, up from 17% the previous year. In the Phoenix metro area it was 35%, with some zip codes much...
by kramoltz@hotmail.com | May 11, 2023 | Home Ownership, Real Estate Facts & Figures
Home appreciation in the metro Phoenix area has been robust as I detailed In Sellers are Profiting from Equity. I gave the numbers available at that time, but the latest data shows that the gains set forth in that blog were conservative. Using January 2023 sales to...
by kramoltz@hotmail.com | Apr 30, 2023 | Real Estate Facts & Figures
According to the Information Market, Opendoor lost money on 89% of the homes it sold in the 4th quarter of 2022 in metro Phoenix – an average of $58,000 apiece, before accounting for fees and expenses. For example, a home sold by Opendoor in November for...
