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.
Consumer Housing Confidence Wanes.
Four of five consumers describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan's consumer sentiment survey for November. The erosion in perceived buying conditions is at the highest level in 40 years....
Sellers are Profiting from Equity.
While the environment has turned quickly away from a seller's market to an impending buyer's market, it's not that bad for Phoenix area home sellers. Most are still walking away with a profit, even when based on a short ownership timeline. Appreciation rates for...
Housing Demand Disparities.
The East and West of the U.S. are two totally different buyer - seller markets. In the West, nine cities were among the top 10 buyers' markets in August. San Francisco-Oakland-Berkeley, California is number 1, Salt Lake City, Utah is number 2, and the Valley of the...
Arizona has a Deficit of 122,683 Homes.
Arizona’s housing deficit has increased 1,377% since 2012 - representing 122,683 homes - according to a report by Washington, D.C.-based Up for Growth. Arizona didn’t have a housing deficit issue in 2012, but explosive growth and below par construction starts have...
Was It Your Dog When it was Over?
In the U.S. during WWII, dogs were donated by the public to the war effort through the Dogs for Defense program. After the war was over, the military returned the lucky dogs who survived the conflict to their homes. England had a similar program and Brutus was a...
Haunted Home Stories for Halloween 2022.
The House of the Seven Gables, or the Turner-Ingersoll Mansion, in Salem, Massachusetts is famous for paranormal activity. Built in 1668, this Colonial-style home is thought to be among the oldest wooden structures in America and is well-preserved for its 300-plus...
Chandler Best U.S. City for Pool Lovers.
StorageCafe.com analyzed the country's 100 biggest cities to identify the best places for pools. The study used a combined index to measure the "pool access" potential for buyers and renters. The index ranks the share of houses for sale and apartments for rent with...
Phoenix a Top Destination for LA Residents.
People have always left Los Angeles for Phoenix for a variety of reasons. The unfavorable economy and housing market in the LA area has accelerated that trend. Rising mortgage rates, high home prices, inflation and economic concerns are making southern California out...
The Dog that Could Fall, Part 2.
After Bing jumped out of a plane on D-Day in WWII, he landed in a tree. His rescuers were hampered by German mortar fire, so Bing had to hang there for two hours before he was found, but not after incurring two shrapnel wounds to his face. He shook off his wounds and...