by kramoltz@hotmail.com | Oct 19, 2021 | Home Ownership, Mortgages + Lending
Mortgage holders of more than 500 Phoenix and Scottsdale properties are now able to cancel their flood insurance due to flood map changes that went into effect July 20, 2021. That is because the flood insurance rate maps for a portion of northwest Scottsdale and...
by kramoltz@hotmail.com | Sep 22, 2021 | Arizona and Its Amenities, Home Buying
As of August, still very pro seller in the greater Phoenix area. Statements that the market was evening out over the summer were premature. An example is the absorption rate. The absorption rate measures the rate at which homes are sold during a given time period. The...
by kramoltz@hotmail.com | Jul 31, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
In Phoenix Luxury Market Thrives I wrote about the large increase in the sale of homes priced at $1 million in the Phoenix area from 2019 to 2020. Updated data shows that in April of this year sales of one million dollar homes and up hit a new record – up 75%...
by kramoltz@hotmail.com | Jun 22, 2021 | Home Buying, Real Estate Facts & Figures
Housing permits in the Phoenix metropolitan area – which includes Mesa and Scottsdale – are up by nearly 36% from last year. Despite the recent shocking increase in building costs, and corresponding sale price increases, Valley of the Sun housing building...
by kramoltz@hotmail.com | Jun 15, 2021 | Arizona and Its Amenities, Home Ownership, Real Estate Facts & Figures
The increase in values that has dramatically affected lower priced homes in metro Phoenix has spread. Higher value neighborhoods across the Valley of the Sun have seen significant increases since March 2020. The greatest rise in home prices occurred in Peoria’s zip...