These are some insightful statements from the Cromford Reports for today (6/28/14):

"One of the more surprising things about the market this month is the relative scarcity of new listings. Over the last 4 weeks we have seen 5.5% fewer new listings added to the ARMLS database …

On May 27th, 2014 Zillow.com released their Home Value Forecast for 2015.

Three days later on May, 30th, the Arizona Republic reported the news and followed it with a few statements from 2 highly respected real estate analysts who focus solely on the Phoenix Metro Area. Michael Orr, also …

Last year, we added just over 900SF to our Paradise Valley home in a long-needed home addition. Faced with an insatiable amount of energy consumption (and I was convinced, an even larger power bill from APS) from that and the crazy number of computers we run at our house (hey …

I thought this was a great chart from the Cromford Report published on Saturday, 5/3/14:

"Let us examine the contract ratio by price range to see which sectors are warming up and which are cooling off. This is for single family detached homes and compares May 1, 2014 …

After a lackluster start, we're seeing improvement and even though most of the valley is still in a "buyer's market", things maybe inching slowly back to balance. See for yourself:

As a reminder, the Cromford Market Index is defined as "a value that provides a short term forecast …

1. Not having to answer to a landlord.
2. Paying YOUR mortgage & expenses beats paying someone else’s
3. Being able to tap into your home equity in case of emergency.
4. Appreciation (MORE MONEY!) if/when you’re ready to sell.
5. Not having to move because your landlord booted you.
6. Being able to …

Originally written on 5/23/13 and updated on 4/2/14.

Are you frustrated that you can't get your offer accepted? Have you made offer after offer with little luck? Are you considering walking away from buying a home?

With the spring market fully underway and the real …

It's officially spring and many optimistic Phoenix & Scottsdale sellers are listing their homes with the homes of moving on to greener pastures before the heat of the summer. In many REALTOR®s haste to get a home into ARMLS, mistakes aren't uncommon. They can be as harmless as …

When it comes to selling a home, almost every Phoenix & Scottsdale seller’s goal is to eek out as much money from a buyer as humanly possible. Not that I blame them, but that desire to maximize profits can sometimes sabotage the primary goal.

For the last ~6 mos, I’ve …

It’s been a little over a week since I suggested that the seller’s market we’ve experienced in Metro Phoenix for the last ~2years might be cooling. As of yesterday, Michael Orr, Director of the Real Estate Center at the W.P. Carey School of Business at ASU and the guru …