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!
Buyers Want More Bathrooms.
In the last several years, the share of new single-family homes with 3 or more full bathrooms has increased and those with less have edged downward. Census Bureau data shows 27% of new single-family homes started in 2015 had 3 full bathrooms and 10% had four or more....
Banks Are Back in the Home Loan Market?
Not too long ago in Banks Leaving the Mortgage Business, I wrote about a report that large #banks have left the home #loan market - originating just 52% mortgages in 2014, down from more than 70% seven years earlier. But bank portfolio loans (the mortgages they make...
Elevated Foreclosures Continue in Florida.
Foreclosures have fallen across the country, with REO inventory down nearly 30% by the end of the summer of 2016 according to CoreLogic. And completed foreclosures in the U.S. are now down 69% from the September 2010 peak. Here in Arizona our trustee’s sales have also...
Do You Love Animals?
Then support animal charities through SimplySOLD™! The holiday season means giving, and SimplySOLD™ does its part. We donate to the Arizona Humane Society each time a qualifying transaction closes. I also donate to the Hermitage no-kill cat shelter in...
High Cost States Lose to Arizona.
More home owners are leaving some of the fastest appreciating housing markets, like California and Colorado, while more are staying in more affordable markets like Arizona. A new study by CoreLogic shows that 2.5 home sellers fled California for every out-of-state...
How Much is Solar Worth? Part 2.
When a solar system is owned, value is added is added to the home, and appraisers are required to determine that amount. To do so, basic information such as the age and capacity of the system should be provided by the seller. Then, like any other amenity, the...