I don't usually blog about nationwide economic events because real estate is hyper-local, but this latest post from the Cromford Report was interesting enough for some deep consideration:

"January 31 - The local housing market might be pretty quiet right now, but we are seeing dramatic action in the numbers …

2015 is here!!

As predicted, our market is slowly starting to shift back in favor of Sellers. Considering that the Cromford Market Index today stands at 99.9 for the entire area (100 is balanced; below 90 is a Buyer's Market; above 110, it's a Seller's Market …

Just check out this recent post from the Cromford Report speaking directly about the state of the luxury market in the Valley of the Sun:

January 13 - December was a huge month for luxury homes sales - the best December since 2006 with 109 closed transactions across Greater Phoenix for homes …

If you need someplace to live in Phoenix or Scottsdale, AZ, you might want to consider buying a home over renting. Last Friday, the Arizona Republic reported  "It's much tougher to find an affordable rental in Phoenix now than a year ago," said Mike Orr, director of the Center …

I love how numbers make most decisions so much easier to navigate... yet, most people opt not to do the work, especially when it involves big financial decisions like buying a home vs. renting one.

Yesterday, the Cromford Report staff posted some info and a chart about the "Buy vs …

If you spent any time studying economics in school, you probably remember something about supply & demand... it impacts pricing... blah, blah. What you may not remember is that this delicate balance impacts just about every marketplace and every industry. Real estate, is no exception.

Year to date, Maricopa county …

We're officially in the 4th quarter! Where did the year go?? Despite low demand, low sales volume and a relatively high, but now retreating supply of homes for sale in Phoenix & Scottsdale, 2014 has been a rather unremarkable year. There are still tons of buyers out there kicking …

On August 16, 2014 Fannie Mae revised their guidelines to reflect the waiting periods defined for people with a "prior derogatory credit event", i.e. a Bankruptcy, Foreclosure, Short Sale or Deed in Lieu of Foreclosure. The reason they did this you ask? Banks don't make money if they …

If you're looking for a new home in the Arcadia area, you'll want to know all about my listing at:  5725 E Calle Del Paisano, Phoenix, AZ 85018

Check out these details and call me with any questions or to schedule a private showing!

Here are some …

That's a good question... How well do you think you know our real estate market? It boomed and went bust... There has been lots of talk about inflation over the last several years... But did the mortgage payment for the average home go up or down?

I love how …