Market Statistics

Will the 2015 Phoenix Housing Market Still Be On An Uptrend? A current analysis says yes. It’s not a pointed mountain, but the market is continuing upward in a stable manner. To sum up the market report ARMLS put it this way. “With both the number of pending sales contracts and the number of UCB […]

The Phoenix housing market has been what most consider to be a “seller’s market” for the last few years. If you look at the numbers, the average home price increased by about 23% from November 2012 to November 2013. That increase has been a boon to the overall economy of the Phoenix Metro Area. The […]

In a previous blog last week I wrote about how the government shut down might still be affecting the Phoenix housing market. Here are the latest statistics from the Phoenix area MLS compared to the same time last year. There is definitely a shift going on as seen from the graphs and commentary below. “There […]

This is one blog post I hope you will feel inclined to comment on as it is something that affects each and every person in Arizona, regardless if you are planning on or have completed any recent real estate transactions. The Phoenix Business Blog released an article discussing this very thing. According to a source […]

  The ARMLS monthly stats are in with some good news! The roller coaster ride of the last 4-5 years appears to be coming to an end. While he have seen a recent decrease in the number of closed sales in the last month, we are seeing a stabilization of the market. Inventory is steadily […]

From 2012 to about May of 2013, interest rates for a 30 year fixed rate mortgage went down with a few small upward bumps along the way.  In the last two months there has been a dramatic rise. According to Steve Harney of Keeping Current Matters, interest rates typically go up and down within a […]

Phoenix Metro ARMLS Statistics for the end of July 2013 are in. Monthly sales continue to rise. This July we are up 14.9% from last July with the number of homes sold. We are still seeing  an increase in price year over year as well, but it is interesting to note that so far for […]

The Arizona Regional Multiple Listing Service has released their July report showing the areas from North Scottsdale to Maricopa and Buckeye to Gold Canyon where people are still buying Short Sales and Foreclosures. Thankfully the distressed property market has slowed, but buyers and investors can still find good deals. If you are interested in finding […]

Boomerang buyers have been sitting on the sidelines for the past few years, but some are ready to get back in the Phoenix Real Estate Market. What is a boomerang buyer you might ask? Boomerang buyers are those who previously owned a home and for various reasons had to short-sale or foreclose on it, but […]

  The Wall Street Journal published an article today about the Phoenix Housing Market. They even site Mike Orr from our very own W.P. Carey School of Business where we also gather our monthly “Cromford Reports.” One excerpt from the article states this about Phoenix, “Because it was the nation’s first hard-hit housing market to […]