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.
Millennials are Destroying Homebuilding?
Are the buying habits of Millennials helping to destroy certain industries? A Wall Street Journal article last year said that Millennials are killing 5 industries. One of those businesses was new home builders, because Millennials don’t seem to be interested in owning...
Canada home sales up in April.
Home sales in Canada rose 2.3% in April 2015 compared to March. This marks the third consecutive month-over-month increase. April sales were up from the previous month in two-thirds of all local markets, led by the greater Toronto Area and surrounding Golden Horseshoe...
What is the No. 1 Remodel?
Kitchen and Bathroom remodeling dominate home remodeling projects. Bathroom remodeling was cited as the most common remodeling project in 2014 by 78% of remodelers, barely edging out kitchen remodels at 77%, the National Assoc. of Home Building reports. Other types of...
Housing Flips Slip.
Only 4% of all U.S. single-family home sales in the first quarter were flips - defined as sold for a second time within a 12-month period. According to RealtyTrac's first quarter 2015 U.S. Home Flipping Report, this was the lowest number of homes flipped since the...
5 Questions Buyers should ask an Agent.
Your selection of agent will be a decisive factor in whether your home purchase will be a success. A good agent will educate you about the buying process, protect your interests, and be able to accurately value the selections you make. How do you get those benefits?...
The No. #1 Home-Showing Offense.
By far the number one offense cited by buyer’s agents were home owners that were present for the showing. The worst are those who follow buyers and the agent all over the home. Agents call sellers who get involved at showings “stalker sellers.” This can occur where...
Vacation Home Sales Soar
Second home purchases jumped to a record high in 2014, climbing to an estimated 1.13 million last year, the highest since NAR began its survey in 2003. According to the National Association of REALTORS®' 2015 Investment and Vacation Home Buyers Survey, vacation...
Top 10 Price Increase!
Phoenix-Mesa-Scottsdale area’s 3.7% increase in the price of single-family homes in March was the 8th largest in the last 12 months in the U.S. according to CoreLogic.
Say Hello to Move-up Buyers.
Move-up housing has become the most popular product type of new homes - with more builders favoring it over entry-level, luxury, active-adult, and other housing categories. Nationwide new home builders say they're targeting this move-up or second-time buyer market,...