A Resource Checklist When Moving to Arizona
Arizona is a great place to live, with plenty of sunlight and a dry, mild climate. If you’re planning to call this state your home, you’ve made a fantastic choice. However, before you can enjoy all Arizona has to offer, you have to make the move and settle in. Here, the Russell Shaw Group, Realty…
February 2022
The Battle of Affordability. Market watchers are predicting rising interest rates combined with rising prices are going to give the valley’s real estate market demand a one-two punch that even low supply cannot overcome. And yet the historically and shockingly low levels of supply must make prices rise. How can they both be right? “Housing…
Market Snapshot January 2022
Given the unprecedented strength of last year’s real estate market in Phoenix, a slowdown feels long overdue. But thanks to supply remaining stubbornly low (2022 began with the lowest number recorded), the expected cooling off is not showing up just yet. We saw some early weakening of the market in mid 2021, yet the low…
Hello 2022
We hope you all had a wonderful holiday season. As our year begins it is appropriate to take a quick look at where we have been and where we may be headed for 2022. 2021 saw one of the strongest seller real estate markets ever. What began as an accelerating sellers’ market in the 3rd…
Final thoughts for the 2021 market
As our year heads to a close, here is a quick look at where we are and where we seem to be headed for 2022. 2021 saw one of the strongest seller real estate markets ever. What began in the tail end of the 3rd quarter of 2020, went hyperbolic in the first half of…
The Upcoming Valley Real Estate Market
“It’s tough to make predictions, especially about the future.” Yogi Berra It’s the time of year where 2022 housing market predictions begin to appear. Zillow weighed in with their prediction for a national pricing rise of 14-16%. But then again, these are the same people who just shut down their instant offers because their algorithms…
Market tidbits
For those hoping for a rebalance of the market (we confess to being in that camp) the steady progress which had been building since April has stalled. The answer to rebalancing is more supply and July delivered in spades with a rise of almost 25% more active homes for sale. The last two weeks of…
The Market Shift Continues
As we have been reporting for a while now, supply is increasing as the market continues to shift towards rebalancing. The number of homes for sale is up 42 % since May, and up 24.7 % in just the last month – which would be alarming if we didn’t start from a ridiculously low point…
The Market Begins to Cool
The Market Begins to Cool The market has been in such an overheated condition this year that any headline of a “market slowdown” is almost inherently misleading. Yes, the market is slowing. But it is a good sign, not a bad one. The market shift actually began in March, and now is confirmed. In addition…
Market Musings
In a persistently strong seller’s market – real estate newsletters can feel the opposite of news. Like the weather in Phoenix – our real estate market can be antithetical to headlines. Factually there are consistent changes, but large real estate shifts require time. So let’s review the current market patterns. Why is this the hottest…