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.
Chandler, Arizona in Top 10 for 1st Timers.
More first-time home buyers are expected to enter the market in 2016, but which areas of the country will they likely be most attracted to? Money Source, a nationwide correspondent lender, reviewed more than 70,000 loan applications, city-specific median home prices,...
The Importance of Foreign-Born Home Purchases.
How significant are foreign buyers of U.S. homes? Housing America released a study called Immigrant Contributions to Housing Demand which provides state by state statistics from 2000 to 2010, and estimates of immigrant purchases for the current decade. For Arizona,...
Scottsdale Ideal for Military Families.
WalletHub recently found the best cities for veterans in the 100 largest metro areas in the U.S. WalletHub tracked 18 key metrics, which included veteran unemployment rates, income growth, housing affordability, veteran population, educational opportunities, number of...
Buy Luxury Homes Now!
In my Ho-Hum, not Ho, Ho, Ho blog, I reported on the low demand in the $400,000 plus - and the over $1,000,000, price ranges. The lack of buyers is a particular problem above $2 million. Mike Orr of ASU says demand is anemic, and buyers “can take the time to be very...
When a High Dollar Hurts.
The contribution of international purchasers to our real estate market is highly dependent on currency fluctuations, and the strong dollar is keeping foreign buyers away. Particularly hurt are Canadians, whose currency is worth around 60-65 cents U.S. Taking their...
2015 New Builds End on High Note.
Catherine Reagor of the Arizona Republic reports that new home permits in the Phoenix metro area were up more than 40% in 2015 compared with 2014. And things really picked up at the end of 2015. For example, there were 1,076 permits issued in November, 75% higher than...
Phoenix Area in Top 10.
For the first time the Phoenix area appeared as one of the top 10 areas for foreign commercial investment. Last year a couple of large purchases by Artis REIT, a Winnipeg, Manitoba company, helped push the Valley of the Sun into the record books. Besides Canadians,...
Ho-Hum, not Ho, Ho, Ho.
The end of year and holiday resale home statistics don’t bring much cheer. Mike Orr of ASU’s Center for Real Estate noted that the greater Phoenix market lost momentum in the last 6 months of 2015, except for the entry level market, which is chronically under...
Condo Pre-MLS Opportunity!
This immaculate, professionally-designed 1,491 square foot condo exudes modern elegance. It's 2 bedrooms and 2 full baths and a private covered patio/deck is a perfect setting for relaxing and entertaining, its ideally located in the highly coveted Sage Condominium...