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’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.
In 2023 Housing Trends, Part 1 I detailed 3 new trends. Here are 3 more: 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...
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...
Death of the IBuyer?
According to the Information Market, Opendoor lost money on 89% of the homes it sold in the 4th quarter of 2022 in metro Phoenix - an average of $58,000 apiece, before accounting for fees and expenses. For example, a home sold by Opendoor in November for $485,000 that...
Draft Dogs Part 2.
In Draft Dogs, I wrote about the use of dogs to haul loads for the warring parties in the First World War. In that conflict, the French created a special saddle harness coupled with a light connecting bar to a cart for some of their transportation in that war. But...
They’re Moving to Arizona.
According to North American Moving Services, Arizona continued to be a top destination to move to in 2022. Arizona had a 57% net inflow of movers, one of the highest in the nation. What states were the top losers? Illinois was number one with a 65% net outflow of...