Phoenix Area Real Estate Update 8/7/2020

Disneyland announced its closure due to COVID-19 on March 12. Despite being the usual 31 days, March lasted longer than any other month in history. People all over the world were glued to the news; trying to make sense of what was happening. April 19 was the turning point for Arizona real estate. In May the end was in sight. And then it wasn’t. Now it is August, a time when we used to buy school supplies and take the first day of school photos we are, instead, buying laptops for Kindergarteners begging them to hold still for one more minute.

Candid Conversations with Jenn Newman (video)

Jenn Newman with the Brokery invited me to be a guest on her video series “Candid Conversations.” In this video interview we discuss the COVID-19 pandemic and it’s implications for the Phoenix metro area real estate market. We cover where we are now, supply and demand, what is happening with prices, and our projections forContinue reading “Candid Conversations with Jenn Newman (video)”

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: 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”

Chandler Update with Micah Miranda & Councilman Stewart

Priorities Fiscal Responsibility: AAA rating. lowest cost per service. Water preservation & conservation: 100 years of water, they have made lots of arrangements. they do this for each project they do. They get it from the ground water from Gila reservation Transportation Infrastructure Safe neighborhoods Responsible development Chandler Police Chief just won Police Chief ofContinue reading “Chandler Update with Micah Miranda & Councilman Stewart”

Inman/Industry Update from July 2018

Most Talked about at Inman: #1 topic: Compass. A traditional brokerage spending huge amounts of money to advertise that they are a tech company. Goal is to have 20% market share in the top 20 metros nationwide by 2020. They are buying brokerages. Expect to see them in AZ by 2019. #2 topic: Brad Inman’sContinue reading “Inman/Industry Update from July 2018”