Greater Phoenix Real Estate Market Update 7/31/2024 You know when you have a million things on your mind and you want to talk about all of them at the same time? We went to the Jersey Shore, my kids started school (thank God!), we renovated our house, the August 1st deadline is looming, Angela GonzalesContinueContinue reading “All The Things”
Category Archives: AZ Real Estate
Buckle Up and Wear a Helmet
Greater Phoenix Real Estate Update 6/27/2024 It has been a minute since my last post and I appreciate you for reading this now, after all of this time. It seems like millions of things have happened over these past few months. I celebrated my 20th year of being in title insurance sales in Greater Phoenix.ContinueContinue reading “Buckle Up and Wear a Helmet”
Change
Change can be scary. Change is always messy. Change often hurts. The old guard hates change because they created the status quo. The status quo makes sense to them. They thrived in it and they are not bad people for wanting it to continue. But change creates new beginnings. New options. New ways of doingContinueContinue reading “Change”
Math is Good
Cady : “Yeah, I like math.” Damian : “Eww. Why?” Cady: “Because it’s the same in every country.” (Mean Girls, 2004) When I was in elementary school, I complained about math class too. And then I became a grown-up. It may be tough to figure out when someone rowing a boat at 8MPH will arrive inContinueContinue reading “Math is Good”
Housing is Stable
Yes, we have more demand than we have supply. Yes, prices are going up. And no, this is not a hot market, a hot market has those and high velocity. Today’s market is low velocity. We have below normal buyer demand and far lower seller interest. The few buyers we have are easily outpacing theContinueContinue reading “Housing is Stable”
Greater Phoenix Housing: Request, Beg, Plea
Sex sells but fear sells more. The crashing housing market that is all over YouTube is not real life. One of the market’s biggest challenges is bad information. The sky is not falling. Fluctuating interest rates are not devastating the housing market like they did last fall. Buyers are buying. Fewer than in recent yearsContinueContinue reading “Greater Phoenix Housing: Request, Beg, Plea”
Bank Runs & Lower Mortgage Rates 3/14/2023
“Those that fail to learn from history are doomed to repeat it.” Winston Churchill Humans are incapable of making a decision without emotion. This was found when studying people who had lost the ability to feel emotions. They are unable to make choices. Fear and panic insight action. That is how on a non-descript Thursday,ContinueContinue reading “Bank Runs & Lower Mortgage Rates 3/14/2023”
Housing Supply, Demand, and Psychology 2/21/2023
The speed of change spooked the 2022 housing market, not just the demand market, but the entire market. Interest rates skyrocketed, listings increased quickly, and demand dried up. And you know what else dried up? New listings.
Greater Phoenix Housing Update 11/9/2022
Housing economists worry that the Fed has already over-corrected and is leading us to recession because the inflation data is a lagging indicator (tells us where we were). The Fed is expected to increase the Fed funds rate by 0.5% to 0.75% before the end of the year.
How to Protect Real Property
Founder and owner of the Keystone Law Firm, attorney Francisco Sirvent, discusses the best practices for property and asset protection in a volatile housing and economic environment.