https://youtu.be/mXyWs7nWweA Why is there no inventory? We hear there is no housing inventory and has not been any housing inventory for a few years now. So why? First, let's look at some numbers. There are three types of markets. A seller's market is roughly understood as there are less than three months of inventory available on the market for sale, so if the house is priced right and looks great then they often have an advantage because there are likely many buyers who will be … [Read more...]

https://youtu.be/zgUjsoLVsSg Most people's biggest asset they will ever own in their lifetime is their primary residence. When it comes time to sell your Phoenix property would you rather trust that sale to your 'homie' or to an Executive? The market is good right now. Prices are increasing, most of the people who lost money during the real estate bubble have seen their values come back. There are too few houses on the market, so when a house is put on the market with a great marketing … [Read more...]

New FHA loan limits for Phoenix market Have you heard the good news about the latest changes to the FHA Loan Limits for Phoenix and the Maricopa County area? And if you have, do you know what they mean for the Phoenix real estate market? The good news is you can now borrow more money in 2018 to purchase your next home with an FHA loan than you could in December of 2017. In 2017 the loan limit on an FHA mortgage in Maricopa County was $279,450. How does that compare to the Phoenix real estate … [Read more...]

What is going on in this crazy Phoenix real estate market? Yes, it is crazy. The more things seem to change, the more they stay the same. Now, remember, we have to take the market into the context of the season, and this is the slow season in Arizona. Summer into late September has been typically the slowest season since I got my license nine years ago. What is the Contract Ratio showing about the Phoenix real estate market? First, let's start with, what is a Contract Ratio? We use … [Read more...]