Blog
Latest NewsN. 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. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Get an Interest Rate Buy Down!
Buying down an interest rate is a way for a seller to offer a financial incentive to a buyer. It results in a temporary reduction, which means lower payments under the buyer’s loan. Because of the dramatic increase in rates and the negative result on home sales, in...
Phoenix Number 1 for Buyers.
The Phoenix metro area was the nation's top buyers' market as of October 2022. That is according to the Knock Buyer-Seller Market Index, which analyzes whether the nation's 100 largest markets favor home buyers or sellers. In Phoenix, a typical listing took 34 days to...
Which is the Most Pet Friendly City?
Wallethub created a methodology to determine which metropolitan area is the most pet friendly. The considerations were the cost of pet health care, including insurance; overall health and wellness, such as the number of veterinarians and trainers available,...
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...