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!
Phoenix No. 1 in New Homes.
The Phoenix metro area leads the nation in new home construction. Through May of 2023, 6,597 new single-family homes were built. With an additional 7,238 new multi-unit residential homes, the total amount of new homes constructed in 2023 is 13,835.
Old Bill – The Navy Terrier.
Old Bill was a wire-haired Terrier that was the mascot of the H.M.S. Falmouth, a British cruiser in the First World War. But he didn’t start his duties on that ship. He was “captured” from a German fishing trawler that the Falmouth sank. When he and the crew of the...
You’re Not Buying a Home in Canada.
If you were thinking of buying a vacation or second home in the Frozen North, you need to put your plans on hold. As of Jan. 1,2023, Canada has enacted a two-year ban on the purchase of residential property by most non-residents. The Prohibition on the Purchase of...
Phoenix’s Downtown a Top 10.
Phoenix has one of the best downtown living experiences in the country according to StorageCafe. Its 2023 Downtown Living Hotspots report ranked the 30 largest cities in the U.S. using various categories including cost of living, rental inventory, apartment amenities,...
2023 Housing Trends, Part 2.
4. Cash Remains King. All-cash repeat buyers jumped to 27% of the market nationwide during 2022, up from 17% the previous year. In the Phoenix metro area it was 35%, with some zip codes much higher: 85263 - 61%; 85253 - 52%; and 85262 - 51%. It's believed that the...
You’re Richer Than You Think.
Home appreciation in the metro Phoenix area has been robust as I detailed In Sellers are Profiting from Equity. I gave the numbers available at that time, but the latest data shows that the gains set forth in that blog were conservative. Using January 2023 sales to...