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”
Tag Archives: #theazmarket
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”
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.
Greater Phoenix Housing Update 9/27/2022
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.
Greater Phoenix Housing Update 8/26/2022
Welcome to a balanced market. We are currently in stage 3 of the market shift, an increase in seller concessions. We will likely stay here for a while. It is important to set clear expectations with your home buyers and sellers. While the days of the runaway seller’s market are long gone, today’s sellers are not desperate (aside from iBuyers) and will not sell if they do not have to. We are working our way through the chaos and a stable market may actually be in sight.
Been There Done That: Reflections on a Market Shift
In 2005 I was 25 years old and thought I would never be able to buy a house. Four years later I bought my first house and promptly watched my new investment plummet in value. But we could afford the payments and needed a place to live so we stayed. Housing is shelter and is a basic human need regardless of price.