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.
Phoenix is Veteran Friendly.
Metro Phoenix ranks number 2 in VA home loan originations in the U.S. That means lots of veterans are moving to or buying homes in the Valley of the Sun. This demonstrates the continuing popularity of Arizona to the U.S. armed forces community (and their dogs).
What is Your Home Worth?
You need to know what your home is really worth before you put it on the market. All the pictures, advertising and other marketing efforts will be useless if the price is not right. There are a number of free online web evaluation system such as Zillow.com (or...
Phoenix Home Prices Rise the Fastest.
Phoenix has the highest home-price appreciation in the country according to the October numbers from the S&P CoreLogic Case-Shiller index. Nationally, home prices were up 3.3% year over year, but Phoenix led the U.S. with a 5.8% year-over-year home price rise...
Nemo.
On December 4, 1966, Nemo and Airman Bob Thorneburg were on patrol near the company’s airbase in Vietnam. The two came under enemy fire and the German Shepherd took a round to his eye and Throneburg was shot in the shoulder. Despite his wound Nemo attacked the enemy,...
Loan Limit Increase.
The Federal Housing Finance Agency has increased the conventional loan limit from $484,350 to $510,400. This gives borrowers more buying power, allowing them to avoid more expensive Jumbo Loans and their stricter restrictions. So you can now afford to buy more home in...
Arizona Is Hot!
Yes summers can be hot here, but I’m talking about Arizona residential real estate, not the weather. Forbes analyzed over 2,000 cities and then focused on the 200 largest housing markets. Arizona cities ended up taking 8 of the top 25 spots on Forbes list of the...
MASH.
No I’m not talking about the old movie or TV show - MASH is the Maricopa County Sheriff Office Animal Safe Haven Unit. MASH cares for, rehabilitates and re-homes animals from abuse and neglect cases. Currently located inside the First Avenue Jail in Phoeinix, Arizona...
Phoenix Sets New Record!
The median home sale price in the metro Phoenix area in November was $285,000, a new median price record. For December, it is anticipated that median sales will set a new high-water mark for 2019. If true, based on the past, a new record median price for December will...
Buy A New Home.
New home sales in the Phoenix metro area were up 36% in October 2019 over that same month in 2018. In addition, single-family building permits in October 2019 were the most issued since July 2007.This means new home construction is finally catching up after years of...