Interest rates have been very volatile and while inflation remains persistent despite the Fed’s continued efforts it is unlikely rates will decline any time in the near term. We need rates to be stable and boring and not bounce around like they are. This constant fluctuation is hurting the already tight affordability.
Tag Archives: #CromfordReport
Greater Phoenix Real Estate Market Update 5/20/2022
In light of all of chaos and headlines, it is imperative to focus on what is going on right now. As difficult as it might be to avoid predictions, that is what is necessary. The market is shifting quickly and it is dangerous to make assumptions. The best way to service today’s home buyers and sellers is to guide them through our current market.
Greater Phoenix Real Estate Update 2/18/2022
Prices are increasing slightly faster than they were at the end of 2021 but not as quickly as they were in the first half of 2021. Currently prices are increasing at a 1.8% month over month, up from 1.6% just last month. We may see this go up but unlikely to go up to the 4-5% we saw last year. Definitely be faster than 1.1% from last year.
Greater Phoenix Real Estate Update 5/14/2021
On Wednesday, Lawyers Title hosted a presentation with Tina Tamboer with the Cromford Report. She always shares pertinent and timely information. Below I have combined a lot of her information from her presentation, along with additional information from my research.
Greater Phoenix Real Estate Update 3/19/2021
Once again, today is all about the AZ market. Recently, Lawyers Title hosted a presentation with Tina Tamboer with the Cromford Report. She always shares pertinent and timely information. Below I have combined a lot of her information from her presentation, along with additional information from my research.
Greater Phoenix Real Estate Update 3/5/2021
Today is all about the AZ market. Recently, Lawyers Title hosted a presentation with Tina Tamboer with the Cromford Report. She always shares pertinent and timely information. Below I have combined a lot of her information from her presentation, along with additional information from my research.
Greater Phoenix Real Estate Update 1/15/2021
New listings are under contract in a matter of days. We are not at the peak, prices will rise probably all the way through 2021. You have time, markets move slowly. Things change over the course of years. Prices in 2021 will continue to rise most likely throughout the year. May slow down as demand wanes with rising prices.
Greater Phoenix Real Estate Update 12/11/2020
2021 talking point: forbearance expiration, foreclosure moratorium expiration, and affordability. New listings are up 6% so far in Q4 2020. November new listings were up 2% year over year. November sales were up 26% year over year. Under contract up 28% year over year. Luxury is a huge part of the increase. 2020 has been a rollercoaster. Any stability in 2021 will be welcome.
Cromford Report Market Update 5/5/2020
Cromford Report accounts are only available to licensed Realtors who are members of ARMLS, to sign up and learn more go to http://www.cromfordreport.com/join-armls The Cromford Market Index: Available on the main page of the Cromford Report: http://cromfordreport.com/ (without a subscription) The Cromford Market Index (CMI): 100 is balanced, below 100 is a buyer’s market, aboveContinue reading “Cromford Report Market Update 5/5/2020”
Real Estate Market Update
Tina Tamboer, with the Cromford Report, recently presented on the residential real estate market in the Phoenix metro area. To subscribe to the Cromford Report, click here: http://cromfordreport.com/join-armls.html. The complete presentation is available to subscribers.Here are my notes:Forget everything that Tina said at the beginning of 2019, even forget what she said last quarter. EverythingContinue reading “Real Estate Market Update”