by kramoltz@hotmail.com | May 24, 2023 | Home Buying, Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | May 11, 2023 | Home Ownership, Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Apr 30, 2023 | Real Estate Facts & Figures
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...
by kramoltz@hotmail.com | Jan 30, 2023 | Arizona and Its Amenities, Home Buying
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...
by kramoltz@hotmail.com | Dec 15, 2022 | Arizona and Its Amenities, Real Estate Facts & Figures
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....