by kramoltz@hotmail.com | Sep 15, 2023 | Home Buying, Selling Your Home
Baby boomers comprised the highest share of buyers and sellers nationwide according to the National Association of REALTORS®’ 2023 Home Buyers and Sellers Generational Trends Report. Baby boomers—people ages 58 to 76—accounted for 53% of sellers and 39% of...
by kramoltz@hotmail.com | Aug 11, 2023 | Home Buying, Real Estate Facts & Figures
Lumber prices plunged around 66% last year as the result in decreased demand by home builders and the faltering US housing market. As a result the price of lumber plummeted to less than $400 per 1,000 board feet as of January 2023 from over $1,200 in March 2022....
by kramoltz@hotmail.com | Aug 1, 2023 | Home Buying, Selling Your Home
Phoenix is second in the country in negative returns for home flippers in the first quarter of this year. The average Phoenix flipper lost nearly $10,000 on each flip. Only Austin Texas did worse. Phoenix has also had one of the lowest raw profit margins –...
by kramoltz@hotmail.com | Jun 13, 2023 | Canada and Canadians, Home Buying
If you were thinking of buying a vacation or second home in the Frozen North, you need to put your plans on hold. As of Jan. 1,2023, Canada has enacted a two-year ban on the purchase of residential property by most non-residents. The Prohibition on the Purchase of...
by kramoltz@hotmail.com | May 24, 2023 | Home Buying, Real Estate Facts & Figures
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 higher: 85263 – 61%; 85253 – 52%; and 85262 – 51%....
by kramoltz@hotmail.com | Mar 28, 2023 | Home Buying, Moving Tips, Uncategorized
According to North American Moving Services, Arizona continued to be a top destination to move to in 2022. Arizona had a 57% net inflow of movers, one of the highest in the nation. What states were the top losers? Illinois was number one with a 65% net outflow of...
