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.
New Home Construction Healthy.
Newly constructed homes are up 33% for the first 9 months of the year in the Phoenix metro area. The increases through June of this year already exceeded all of that for 2015 in almost all zip codes.
Moving because of the Election?
Canada isn't the only place Americans are interested in following the presidential election. International property online searches were up more than 500% following Trump's win, according to realtor.com®. The top five countries viewed ranked by number of views were:...
Hate Your Neighbor?
Neighbor disputes are one of the reasons people move, according to a survey from North American Van Lines. Half of Americans say they currently have a dispute with a neighbor, and 25% have called the police on them. 40% find it difficult to get along with their...
Canadian Home Searches Spike.
Homes.com® reports that a dramatic surge in location-based home searches for Canadian destinations occurred in response to the U.S. presidential election. Starting Tuesday evening, as state by state results began to come in showing Trump ahead, Canadian home searches...
Phoenix Home Ownership Soars.
The home ownership rate in the Phoenix metro area has risen to 63%, a remarkable recovery for one of the cities hit hardest by the housing crisis, according to a report by Ten-X, an online real estate transaction marketplace. The increase surpasses the national...
There Are Affordable New Homes!
Approximately 17% of newly constructed homes in the Phoenix metro area are selling at or below $230,000. But despite the drop-off in the number of budget buys compared to the boom years, there are still affordable brand new homes. There are around 33 subdivisions...
Title Insurance In Mexico, Part 1.
When purchasing property in the U.S. and Canada, buyers (and lenders) require title insurance. It is equally important when you purchase property in Mexico. The Living Trust format used to acquire Mexican coastal property (a Fideicomiso) does not take the place of or...
Luxury Homes Recovering.
New homes 5,000 square feet or more increased both as a share of all new construction and in absolute number in 2015, according to the Census Bureau’s Survey of Construction. In 2015, the share of new homes this size reached a post-recession peak of about 4% of new...
New Canadian Entry Rules.
Starting November 10, 2016, all air travelers will need to have certain documents to travel to Canada before they can board their flight. American citizens will have to have a passport and meet the basic requirements to enter Canada. Canadians, including dual...