Phoenix Area Real Estate Update 5/15/2020

Over the past 2 weeks the CEO’s of Realogy, Zillow, Redfin, RE/MAX, Keller Williams, and eXp all stated their confidence in the real estate market and expect continued increases in demand. Sellers are selling and buyers are buying. We are still not out of the woods yet and we do not know what will happenContinue reading “Phoenix Area Real Estate Update 5/15/2020”

Phoenix Area Real Estate Update 5/8/2020

We now have 3 weeks of data showing the very beginning of a trend! I am happy to report that these emerging trends are positive. Please continue sharing this good news with your clients. Right now there is a battle between the media and consumer sentiment. Unfortunately for the media, good news doesn’t sell, however,Continue reading “Phoenix Area Real Estate Update 5/8/2020”

Phoenix Area Real Estate Update 5/1/2020

The light at the end of the tunnel got a little brighter this week. Despite the limited data available, new trends are emerging and they are good. Please continue to share this news with your clients because consumer sentiment is everything. The week of April 19th marked a noticeable shift in the market with increasedContinue reading “Phoenix Area Real Estate Update 5/1/2020”

Phoenix Area Real Estate Update 4/24/2020

The real estate market continues to move forward at varying speeds across the country. The lack of current data continues to make it difficult to draw a complete picture of our market. Again, I encourage everyone to be very mindful about their news consumption; a lot of it is very negative and very skewed. RememberContinue reading “Phoenix Area Real Estate Update 4/24/2020”

Phoenix Area Real Estate Update 4/17/2020

As someone who loves to analyze real estate activity, the recent events have definitely thrown a wrench in how we analyze the data. In a day when more information is  available than ever before, we keep running into one consistent truth, there still simply isn’t enough data available to give us a decent expectation forContinue reading “Phoenix Area Real Estate Update 4/17/2020”

Phoenix Area Real Estate Update 4/10/2020

The other day I was talking with a national real estate analyst and he has evidence that new listings hitting the market in March in the hardest hit areas in the country like Seattle, NYC, and some metro areas in California decreased anywhere between 50-80%. The rest of the country is feeling the decrease toContinue reading “Phoenix Area Real Estate Update 4/10/2020”