by kramoltz@hotmail.com | Jan 28, 2020 | Real Estate Facts & Figures
2019 ended as the year with the 4th highest number of homes sold in metro Phoenix history. When disregarding the other 3, which were all considered abnormal markets, it was the best ever. Both the median as well as the average sales prices hit historic highs, both...
by kramoltz@hotmail.com | Jan 17, 2020 | Mortgages + Lending, Real Estate Facts & Figures
Metro Phoenix ranks number 2 in VA home loan originations in the U.S. That means lots of veterans are moving to or buying homes in the Valley of the Sun. This demonstrates the continuing popularity of Arizona to the U.S. armed forces community (and their dogs).
by kramoltz@hotmail.com | Jan 10, 2020 | Home Ownership, Real Estate Facts & Figures
Phoenix has the highest home-price appreciation in the country according to the October numbers from the S&P CoreLogic Case-Shiller index. Nationally, home prices were up 3.3% year over year, but Phoenix led the U.S. with a 5.8% year-over-year home price rise...
by kramoltz@hotmail.com | Jan 2, 2020 | Mortgages + Lending, Real Estate Facts & Figures
The Federal Housing Finance Agency has increased the conventional loan limit from $484,350 to $510,400. This gives borrowers more buying power, allowing them to avoid more expensive Jumbo Loans and their stricter restrictions. So you can now afford to buy more home in...
by kramoltz@hotmail.com | Dec 31, 2019 | Arizona and Its Amenities, Real Estate Facts & Figures
Yes summers can be hot here, but I’m talking about Arizona residential real estate, not the weather. Forbes analyzed over 2,000 cities and then focused on the 200 largest housing markets. Arizona cities ended up taking 8 of the top 25 spots on Forbes list of the...
by kramoltz@hotmail.com | Dec 20, 2019 | Real Estate Facts & Figures
The median home sale price in the metro Phoenix area in November was $285,000, a new median price record. For December, it is anticipated that median sales will set a new high-water mark for 2019. If true, based on the past, a new record median price for December will...
