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Price range: $10,000 to $5,000,000

Size range: 100 to 10000

Lot size range: 1 to 100

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PHX Market Stats – Real Estate is Hotter than the Temperature!

Check out the statistics and commentary below from ARMLS in Phoenix (Arizona Regional Multiple Listing Service). According to the numbers, our market is hotter than hot, looking to beat out 2019’s numbers and with no slow down in sight!

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Buying a Home May Make More Financial Sense Than Renting One

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from REALTOR.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in […]
The Fed Raised Rates Again. . . Is It Helping?

In another effort to tame inflation, the Fed increased policy rates by 0.75% at their July meeting, in line with expectations. Even with the anticipated Fed hike, mortgage rates have fallen since June, though with some volatility. The Fed’s actions are intended to slow rising prices by inhibiting investment—creating less demand and thus tempering […]
The Real Estate Market is Changing. . .

The real estate market is changing. . . in case you have blinders on and didn’t notice. Those of us that are “in the real estate business” are witnessing it all first hand. What are we seeing? I see that we are getting back to a more normal market for Prescott. While many sellers have […]