BY CASSIE WALKER JOHNSON (With Permission)May 21, 2024 In today’s rapidly changing real estate landscape, understanding the critical role of buyer representation has never been more essential for homesellers. With implementation of the National Association of Realtors’ settlement on the horizon, many sellers may not fully grasp the significant impact these changes will have on their transactions. The urgency to […]

If you’ve ever heard real estate agents promoting the benefits of homeownership over renting, you may have thought they were doing it because they make bigger commissions when they sell a house. To be fair, they do typically make more money when they help a client buy a house than they do helping one rent a place … Continue reading Research Shows That Renting Makes People Age Faster Than Those Who Own a Home →

When you list your house for sale, it almost always starts out hunky-dory and hopeful. But as time passes, and your house isn’t fetching offers, you might start feeling like your agent won’t be able to get it sold. Once you start to lose faith in your agent, you may start thinking about hiring a different agent … Continue reading 9 Things To Ask Yourself before Letting Your Listing Expire and Relisting with Another Agent →

Here’s an Underused Solution if You Work From Home… If you’ve been hoping to buy a home, you’re probably well aware that prices (and competition) for places to live have both been steep for quite some time in many areas. And even though mortgage rates have risen in the past year, a drastic drop in … Continue reading Frustrated By High Home Prices →

6 Metro Phoenix hot spots for luxury homes The Phoenix area is vast. It’s home to millions of people, a number of suburbs and countless individual neighborhoods. As one of the biggest metro areas in the country (both geographically and population-wise), Phoenix has carved out unique luxury real estate enclaves that offer a distinct character … Continue reading 6 Metro Phoenix hot spots for luxury homes →

Phoenix ranks No. 4 in U.S. for biggest home sale price decrease March home sales jumped 37.7% over February, signaling the start of the peak spring and summer seasons in the report’s 52 metro areas. While inventory was down 2.8% from February’s total, March inventory was 56.4% higher year over year – due in part … Continue reading PHOENIX RANKS NO. 4 IN U.S. FOR BIGGEST HOME SALE PRICE DECREASE →

320-acre retail destination Five North at Vistancia takes shape in Peoria The Vistancia master-planned community’s 320-acre commercial and retail destination FIVE NORTH at VISTANCIA is taking shape as the first hot spot in the far North Peoria/West Valley area. Envisioned as the energetic heartbeat and high-quality lifestyle hub of the award-winning Vistancia community, FIVE NORTH […]

January delivered a strong start to the year, offsetting a slouching December, according to a report released by Phoenix REALTORS. Analyzing the latest ARMLS data, there were 6,848 new Metro Phoenix home listings hitting the market, compared to 4,105 in December. As well, average sale prices rose in January from December and sat at $539,617, […]

“Like most bubbles, the longer it goes on, the worse the crash will be,” Michael Burry, the fund manager and inspiration for “The Big Short” who famously predicted the 2008 housing crash once said about the danger of overly speculative, high-stakes market conditions.   Indeed, booms do often end in busts. And as Phoenix’s housing market performs an […]

Cassie Apperloo After two years of unpredictability, fierce bidding wars and competition, things are finally looking a little more balanced for the U.S. housing market.  The national market moved further to favour buyers last month, entering neutral territory where neither buyers or sellers had the clear upper hand overall.  Markets that cooled the fastest in … Continue reading Are We Finally In A Balanced Market? →

Rent prices have been moving lower across the nation, and Arizona provides an ideal case study of the trend, according to a new report from apartment-tracking website Zumper. “Arizona is a perfect illustration of pandemic-era migration trends and how those trends are now beginning to unfurl,” Zumper wrote in its November National Rent Report. “Nearly every … Continue reading Arizona Rents Much Higher Than A Year Ago, But Report Shows Continued Signs Of Cooling →

The Metro Phoenix housing market  has heavily favored home sellers since the start of the decade as more people moved to Arizona and the pandemic scrambled the status quo. The S&P CoreLogic Case-Shiller Index’s most recent release shows that home prices in Phoenix rose 17.1% from August 2021 to August 2022. In the past few months, […]

New home buyers are becoming more cautious. Rising mortgage rates and declining home sales have signaled the end of a hot housing market that has plagued buyers for over a year. According to the Census Bureau, home sales are down almost 18% since January 2022. However, some areas have cooled more than others. So, which housing […]

REAL ESTATE | 7 Sep | AZ BUSINESS MAGAZINE Today, the Data & Analytics division of Black Knight, Inc. ( NYSE: BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. The most recent data from the Black Knight Home Price Index shows the deceleration in home price growth on which the company has been reporting in […]

By Kathleen WillcoxAug 9, 2022 Used with Permission Over the past couple of years, buying and selling a house has become a form of gladiatorial combat, defined by adrenaline-driven bidding wars and heart-pumping prices. Most of the time, sellers were giddy and buyers were dejected. Then came the interest rate hikes and inflation pressures. Those factors have buyers […]

BUSINESS NEWS | 14 Jul | AZ BUSINESS MAGAZINE The City of Peoria announced yet another development project in the P83 Entertainment District, bringing a highly sought-after destination dining district and restaurant concepts to Peoria. The Peoria City Council approved a development agreement and a real estate purchase agreement with Common Bond Development Group (CBDG) for the redevelopment […]

REAL ESTATE | 15 Jun | AZ BUSINESS MAGAZINE As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow does not believe the market is in a bubble. The latest Zillow Home Price Expectations Survey1 polled more than 100 experts from academia, government and the private sector to gather their opinions […]

As remote work became widespread over the last two years, the need for more space pushed some homebuyers out of their comfort zone and into the race for a better and bigger home. So, how much home will $400,000 get you in Arizona? With home prices reaching a national all-time high of $405,000 and an … Continue reading JUNE 2022 ~ MARKET UPDATE ~ HERE’S HOW MUCH HOME $400,000 GETS YOU IN ARIZONA →

The housing market is expected to return to pre-pandemic, 2019 norms — at least in terms of housing inventory and the share of purchases made by first-time home buyers — by 2024 according to a panel of housing market experts polled in the latest Zillow Home Price Expectations Survey. The dwindling supply of homes for […]

Dick Roberts, president of Phoenix-based DTR Landscape Development, was contracted to provide landscaping services on a project more than a year ago. But because he can’t store his product ahead of time, Roberts said he couldn’t purchase the materials he needed now for a price that was quoted months ago, leaving him with two options […]