by Russell Shaw | Jul 15, 2021 | Market Update, State of the Market
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...
by Russell Shaw | Jul 13, 2021 | Market Update, State of the Market
DEMAND WEAKENS The market has been shifting since March when the properties available for sale hit its smallest number. As we mentioned before, this market has been largely controlled by the supply (or more accurately, the lack thereof). Supply is finally starting...
by Russell Shaw | Jun 14, 2021 | Market Update, State of the Market
THE HIDDEN FACTOR IN TODAY’S REAL ESTATE MARKET The Median price for homes in the greater Phoenix area is up a whopping 32% from 2020. Prognosticating the real estate market is a thankless job – but unlike the stock market some predictions are fairly safe to...
by Russell Shaw | Mar 16, 2021 | Market Update, State of the Market
NEW LISTING COUNTS LOWEST IN OVER 20 YEARS The valley is currently experiencing an almost once in a lifetime unbalanced market due to the extreme scarcity of properties for sale. This extremity is startling even to those of us whom have tracked numbers for 20 years. ...
by Russell Shaw | Feb 12, 2021 | Market Update, State of the Market
THE VANISHING HOME SUPPLY It is becoming harder and harder to find the words to adequately describe the extraordinary lack of homes for sale and the unbalanced market it is creating. This phenomena is not confined only to the valley, but is occurring across most of...
by Russell Shaw | Dec 10, 2020 | Market Update, State of the Market
ARE FORECLOSURES ON THE HORIZON? With the CARES Act and eviction moratorium due to expire December 31st, many people falsely believe that an abundance of homes will become foreclosures as homeowners begin to default on their mortgages. This theory has a hypothetical...
