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.
Errors in Your Credit Report.
Nearly a quarter of Americans have discovered problems with their credit report. Incorrect info can result in a denial of a home loan or more expensive loan terms. The most common problems are incorrect or outdated credit or personal information, information that...
They’re Moving to Phoenix, Part 2.
According to Bloomberg, 200 people arrived in greater Phoenix from 2017 to 2018 on a daily basis. That represents a 26 per person per day gain from the previous period of 2016-17, when the metro Phoenix area welcomed 174 daily new arrivals. That makes the Valley of...
Measuring Property Globally.
At present, the way real property - such as homes, offices or retail - are measured around the world varies dramatically. The IPMS Coalition, a group of more than 60 organizations from around the world, has created international property measurement standards to ease...
Reading a Commitment or Prelim.
You get one after escrow opens when you buy or sell, but what is it? It sets forth the title insurance company’s conditions and requirements to issuance of a policy of title insurance. It’s important because it can reveal adverse matters that can stop your closing....
Phoenix Adds the Most Jobs.
The Phoenix area added 13,200 construction jobs during the 12-month period that ended in June, an 11% jump. The figures come from Associated General Contractors of America, which analyzed federal data for jobs in construction. Those numbers show that the Phoenix...
Dogs in Space.
Did you know that dogs were first in space? While remembering the anniversary of the U.S. landing on the moon, we should give credit to the dogs that paved the way for manned space flight. The Soviet Union was the first to use dogs in orbital flights to obtain the...
The Cost of Selling to iBuyers.
Collateral Analytics analyzed quarterly median purchase prices for single-family homes in Phoenix bought by iBuyers and traditional buyers. The comparison quantifies the costs to sellers of working with iBuyers - such as Offerpad and Opendoor, versus listing with a...
What is a CFD?
A Community Financing District is a method of paying for an improvement (like sewer lines) which benefits a number of properties. The impact on an owner of a home within a district is a periodic payment paid through the property tax collection process. CFD payments...
Apartment Rent Growing Fastest in Arizona.
Arizona Big Media reports that apartment rent grew 5.8% in the first half of 2019, the fastest in the U.S. Figures from a Rent Café survey show that Arizona’s rent increase easily exceeded the national average of 3.2%. Back in April I tweeted about last year’s...