by kramoltz@hotmail.com | Feb 22, 2020 | Real Estate Facts & Figures
In an earlier blog, Housing Inventories Low, I related how less homes are for sale nationwide. As to the metro Phoenix market, Michael Orr of the Cromford Report explained that “[t]he current situation is remarkable. The lack of supply can only be described as...
by kramoltz@hotmail.com | Feb 18, 2020 | Real Estate Facts & Figures
Construction cranes all over the Valley of the Sun are proof of the amount of commercial construction ongoing in the Phoenix metro area. State wide Arizona has added a whopping 23,800 jobs in nonresidential construction in January, 2020. Figures from the U.S. Labor...
by kramoltz@hotmail.com | Feb 15, 2020 | Real Estate Facts & Figures
Compared to previous years, homeowners are opting to spend more time holding onto their homes, with the median tenure increasing by 3 years since 2008. As of 2018, the median duration of home ownership in the U.S. is 13 years. As should be expected, the...
by kramoltz@hotmail.com | Feb 11, 2020 | Animal Stories (mostly Dogs in the Military)
In December 1967 U.S. soldiers were attacking a North Vietnamese base camp in Vietnam. As it began to get dark, they dug in anticipating a night counterattack. Lieutenant Morris settled into his foxhole when King, their German Shepard war dog, jumped into the hole on...
by kramoltz@hotmail.com | Feb 7, 2020 | Real Estate Facts & Figures
According to a REALTOR.com study, housing inventories dropped 12% nationally from 2018 to 2019, the largest year over year decline in nearly 3 years. As a result, the U.S. market has a large housing inventory under supply. This is occurring just as 4.8 million...
