by kramoltz@hotmail.com | Feb 26, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
The metro Phoenix housing market broke records in 2020 according to the Cromford Report. Home sales in Pinal and Maricopa County set new records for highest listing success rate, highest average price for monthly sales and annual sales, and highest square foot price...
by kramoltz@hotmail.com | Jan 23, 2021 | Arizona and Its Amenities, Real Estate Facts & Figures
We began 2020 with normal demand while seeing a 31% decline in homes for sale in metro Phoenix. This lack of supply was described by Michael Orr at that time as “shocking”. Although during the first six months of the year demand was uneven due to the Covid outbreak,...
by kramoltz@hotmail.com | Dec 27, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
December 2020 in metro Phoenix began with 28.2% fewer homes for sale today than a year ago, with record lows for the number of homes available in many areas. At the same time, demand increased 27.4% year-over-year, with the highest sales volume for any November in...
by kramoltz@hotmail.com | Dec 8, 2020 | Arizona and Its Amenities, Canada and Canadians
Canada is the largest foreign direct investor and employer in the Grand Canyon State, and its businesses do $3.2 billion worth of trade annually in Arizona. And despite the sell off over the last few years due to the weakness of Canadian currency, Canadians make up...
by kramoltz@hotmail.com | Dec 1, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix metro is one of the top 10 metro areas with the largest home price appreciation and rate of return. Housing wealth accumulation is built up by paying off mortgage debt and by price appreciation. It takes time, but nationally, a person who purchased a typical...
by kramoltz@hotmail.com | Oct 12, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
Construction starts for commercial and multifamily dipped 22% nationally and in all but two of the top metro areas in the first half of the year Construction Dive reports. But in the Phoenix area starts were up 82%, according to Dodge Data and Analytics. Those...
