Blog
N. 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. He also blogs about animals (mostly dogs in the military) due to his love of pets and military history.
The Latest Housing Trends.
Prior to the pandemic, house hunters were focused on amenities. Since COVID-19, house hunters are now showing more interest in more space and its configuration. Research by the National Association of Realtors shows that the top feature desired by buyers is a home...
Scottsdale No.1 for Millennials Working Remotely.
In Phoenix Best U.S. City for Remote Workers, I reported that metro Phoenix was rated the best overall in the U.S. for working at home. WhistleOut has also analyzed working at home, and has rated Scottsdale a millennial remote worker’s paradise. Scottsdale had a score...
Appraisal Concepts, Part 4.
The Income Approach. This method analyzes a property’s income producing capability and then capitalizes the future income to indicate present value. If there are leases on the property, actual rents will be scrutinized. Comparable property rentals will also be...
The Marooned Terrier.
In the First World War German U-Boats were the scourge of the seas. But they didn’t always torpedo the vessels they sank. To save torpedoes for bigger targets, a U-Boat might surface and sink a ship using its deck gun. In one such incident, the crew of a ship about to...
Want to Know the Real Value of Your Home?
There are online home evaluators like Zillow that give an estimate of your home's value, but there's no substitute for a real comparable market analysis (CMA). Outside of a newly built tract home, it is rare that an online evaluation accurately reflect the real market...
3 Listing Tips for Hot Weather.
1. Keep it cool. It’s not the time to penny-pinch on the air conditioning. Experts - obviously based on the east coast, recommend keeping the thermostat around 72 degrees. Here in the desert, higher is fine but don’t exceed 80.2. Watch the smell. Warm weather can...
Phoenix Best U.S. City for Remote Workers.
According to HighSpeedInternet.net, a website that ranks internet providers geographically, metro Phoenix is No. 1 for working remotely. The Valley’s combination of internet speeds, relatively low cost of living and its availability of co-working space made the...
5 Features That Reduce Home Values?
According to home ebuyer Opendoor, in metro Phoenix the top 5 things that hurt home values are: 1. Commercial neighbors: $7,200 average deduction; 2. Formica or tile kitchen counters: $4,900 average deduction; 3. Located on a busy street: $4,500 average deduction; 4....
Rin Tin Tin, Part 2.
The Movie Career. Back in the U.S. after WWI, Lee Duncan trained Rin Tin Tin daily to perform stunts and follow commands. It wasn’t long before his talent landed him roles in silent movies in the 1920's. In those films he often portrayed a courageous dog fighting...