If you haven't noticed over the past few years how much changes has come to down-town Tempe, you've been living under a rock. Through the down-turn in the market, we saw the rise and fall of many amazing opportunities, and have come full circle to the now. As of October 29th, 2014, the land ... » Learn More about Remember Monti’s La Casa Vieja in Tempe?
The big slump in demand is now 12 months old and as yet is showing very little sign of ending. It has already lasted much longer than almost anyone expected. With that as background it may seem surprising that the market has been improving for sellers over the last 4 months. The nadir was on March ... » Learn More about Market Summary for the Beginning of August 2014
We've been in a buyer's market for a while. That's when there's an abundance of inventory and a shortage of demand from buyers. Consequently, like any supply and demand curve, this raises the bar for sellers, forcing them to compete to get their homes sold. After a small increase in demand in ... » Learn More about Weak Housing Demand in the Phoenix Market Means Buyers Have Control
There has been some very questionable commentary in certain media about the percentage of home sales that take place outside the MLS. It appears that some consultants are suggesting that almost half of transactions occur independently of the MLS or sell within a few days of listing. The phrase ... » Learn More about Daily Observation for April 20th, 2014
Real estate trends are local. There's a reason we say "location, location, location." We're not just saying it. Even across our valley, trends are localized. What's happening in Phoenix isn't necessarily happening in...well, Phoenix. Each area is unique and must be analyzed accordingly. Recent ... » Learn More about National Media Missing the Mark