by kramoltz@hotmail.com | Jul 10, 2020 | Real Estate Facts & Figures
Tom Ruff of the Information Exchange reports that the number of listings that went under contract in May were the most in 2020, surpassing the highwater mark of March. So its no surprise that closed sales in June were the highest so far this year, falling only 91...
by kramoltz@hotmail.com | Jun 18, 2020 | Real Estate Facts & Figures
The Cost Approach. One of the three classic methods of valuing commercial real property is the cost approach. In the cost approach, an appraiser values the value of the land and then adds what it would cost to build a new, roughly identical structure. Unless the...
by kramoltz@hotmail.com | Apr 20, 2020 | Home Buying, Real Estate Facts & Figures
Do you know what the difference is between a street, an avenue and a road? The city of Phoenix uses a grid system for roadways, with suffixes organized according to location. That means that numbered streets west of Central Avenue will use the suffixes Avenue, Drive,...
by kramoltz@hotmail.com | Mar 19, 2020 | Real Estate Facts & Figures, Uncategorized
Homes.com surveyed 1,000 individuals who had downsized their homes. The survey found the most cited reason for Baby Boomers to size down was because their previous space was too large. For younger generations, the reason was simple. Almost 80% of Millennials and 65%...
by kramoltz@hotmail.com | Mar 11, 2020 | Real Estate Facts & Figures
In my last blog, Who is on the Move? I wrote about the most mobile generation last year – Baby Boomers. Who are staying put? Millennials, and those in the early 20’s. But they are not alone as only 9.8% of all U.S. residents changed their address in 2019. This was the...
by kramoltz@hotmail.com | Mar 7, 2020 | Real Estate Facts & Figures
Which generation switched states more than any other in 2019? Baby Boomers. their number 1 reason for moving is because they are downsizing according to a Homes.com study. Probably a lot of them moved to places with nicer climates – like Arizona.
