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...
by kramoltz@hotmail.com | Sep 29, 2020 | Arizona and Its Amenities, Home Buying
It may appear that investors are driving the housing market now due to the frenzy in the lower end of the market. But almost 90% of the people who bought homes in the Valley of the Sun in July and August of 2020 were owner occupants or second home buyers. During the...
by kramoltz@hotmail.com | Sep 22, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
The Valley of the Sun leads the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix’s 4.3% growth is now more than twice the year-over-year...
