by kramoltz@hotmail.com | Mar 13, 2023 | Home Buying, Mortgages + Lending, Real Estate Facts & Figures
1. First-time Buyers are Scarce. The first-time buyer share of the market dropped to 26% over the past year. Historically, first-time buyers buy around 40% of homes. The reason was the high prices and the rise in interest rates. Hopefully the price correction...
by kramoltz@hotmail.com | Dec 30, 2022 | Home Buying, Real Estate Facts & Figures
Four of five consumers describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan’s consumer sentiment survey for November. The erosion in perceived buying conditions is at the highest level in 40...
by kramoltz@hotmail.com | Dec 15, 2022 | Arizona and Its Amenities, Real Estate Facts & Figures
While the environment has turned quickly away from a seller’s market to an impending buyer’s market, it’s not that bad for Phoenix area home sellers. Most are still walking away with a profit, even when based on a short ownership timeline....
by kramoltz@hotmail.com | Nov 30, 2022 | Real Estate Facts & Figures
The East and West of the U.S. are two totally different buyer – seller markets. In the West, nine cities were among the top 10 buyers’ markets in August. San Francisco-Oakland-Berkeley, California is number 1, Salt Lake City, Utah is number 2, and the...
by kramoltz@hotmail.com | Jun 13, 2022 | Arizona and Its Amenities, Real Estate Facts & Figures
According to Zillow, large amounts of buyers consider the risks of flooding (55%), tornadoes (41%), hurricanes (35%) and earthquakes (29%) when choosing a home. These events are believed by some to be getting worse due to climate change, and Zillow found that...
by kramoltz@hotmail.com | Mar 7, 2022 | Real Estate Facts & Figures
Getting a building LEED certified begins at the time that design professionals, architects, and engineers are retained for a construction project. Familiarity with LEED will help, such as design professional accredited by the Green Building Certification Institute and...
