by kramoltz@hotmail.com | Feb 22, 2020 | Real Estate Facts & Figures
In an earlier blog, Housing Inventories Low, I related how less homes are for sale nationwide. As to the metro Phoenix market, Michael Orr of the Cromford Report explained that “[t]he current situation is remarkable. The lack of supply can only be described as...
by kramoltz@hotmail.com | Feb 18, 2020 | Real Estate Facts & Figures
Construction cranes all over the Valley of the Sun are proof of the amount of commercial construction ongoing in the Phoenix metro area. State wide Arizona has added a whopping 23,800 jobs in nonresidential construction in January, 2020. Figures from the U.S. Labor...
by kramoltz@hotmail.com | Feb 15, 2020 | Real Estate Facts & Figures
Compared to previous years, homeowners are opting to spend more time holding onto their homes, with the median tenure increasing by 3 years since 2008. As of 2018, the median duration of home ownership in the U.S. is 13 years. As should be expected, the...
by kramoltz@hotmail.com | Feb 7, 2020 | Real Estate Facts & Figures
According to a REALTOR.com study, housing inventories dropped 12% nationally from 2018 to 2019, the largest year over year decline in nearly 3 years. As a result, the U.S. market has a large housing inventory under supply. This is occurring just as 4.8 million...
by kramoltz@hotmail.com | Feb 3, 2020 | Real Estate Facts & Figures
Last blog I wrote about Arizona being a leader in population gain due to our job growth, housing market, and weather. So that raises the question – which state had the most outbound moves in 2019? For the second consecutive year New Jersey lost the most people....
by kramoltz@hotmail.com | Jan 31, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
The numbers show that Arizona continues to be popular with people from elsewhere, taking in 2.2 million new residents from other states since 2010 to 2018. Job growth, Arizona’s steady economy and lifestyle are the major reasons that people say they are attracted to...
