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 | Jul 8, 2023 | Arizona and Its Amenities, Real Estate Facts & Figures
The Phoenix metro area leads the nation in new home construction. Through May of 2023, 6,597 new single-family homes were built. With an additional 7,238 new multi-unit residential homes, the total amount of new homes constructed in 2023 is 13,835.
by kramoltz@hotmail.com | Jun 2, 2023 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix has one of the best downtown living experiences in the country according to StorageCafe. Its 2023 Downtown Living Hotspots report ranked the 30 largest cities in the U.S. using various categories including cost of living, rental inventory, apartment amenities,...
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 | 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...
