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4/14 Market Update

By Madison Blean / Lawyers Title - April 14, 2021
4/14 Market Update   Now, this is a a headline that says it all “Who’s Lying About The Housing Market? The housing market is heating and cooling at the same time, depending on the data in question. Who’s telling the truth? Actually, maybe everyone…” Author, Matthew Graham explains that prices are appreciating faster than they have in 15 years, homes are sellin

4/9 Market Update

By Madison Blean - April 09, 2021
4/9 Market Update   The human condition versus efficiency. Real estate disruption is all about creating efficiency. As we lead busier and busier lives, fast and efficient is appealing, right? In theory, buying and selling a property with Am

4/1 Market Update

By Madison Blean - April 01, 2021
“There are decades when nothing happens, and then there are years when decades happen,” Notarize CEO Pat Kinsel said after raising $130 million in funding. National Real Estate:

3/23 Market Update

By Madison Blean w/ Lawyer's Title - March 23, 2021
3/23 Market Update   Once again this is all about the AZ Market. Below I have combined a lot of information from Tina Tamboer, with the Cromford Report, along with additional information about our current market.   What affects supply? -New Homes -FSBOs -Appreciation/Depreciation (equity) -Foreclosures/Household Formation (shrinking) -Relocation (Outbound) -Divorce/Illness/Deat

To Renovate or Not To Renovate Before You Sell

By Eric Karlene - March 23, 2021
    When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season.

3/17 Market Update

By Madison Blean w/ Lawyer's Title - March 17, 2021
3/17 Market Update One year ago, on March 11th, the World Health Organization officially declared the coronavirus a worldwide pandemic. Despite our efforts, no one accurately predicted the following 365 days+. The light at the end of the tunnel is getting brighter. Kids are going back to school, vaccines are being distributed, the economic conditions are impr

44% of Sales Closed Over Asking Price

By Eric Karlene - March 17, 2021
44% of Sales Closed Over Asking Price New Listing Counts Lowest in Over 20 Years For Buyers: 44% of sales through the Arizona Regional MLS have closed over asking price in the last 30 days. The median amount over asking price for all price ranges combined is $10,000 with a range between $1 to $310,000. (I know what you’re thinking, “$1 over? What is this, ‘The Price is Right&r

3/10 Market Update

By Madison Blean w/ Lawyer's Title - March 10, 2021
Today is all about the AZ market. What affects supply? New Homes FSBOs Appreciation/Depreciation (equity) Foreclosures/Household Formation (shrinking) Relocation (Outbound) Divorce/Illness/Death/Job Losses/Tragedy Consumer Sentiment   What affects demand? Interest Rates Appreciation/Depreciation (affordability) Relocation (inbound) Employment/Income Loose/Tight Lending Pr

3/2 Market Update

By Madison Blean w/ Lawyer's Title - March 02, 2021
3/2 Market Update  While real estate remains local; the big business behind it is anything but. 2021 has seen many mergers and acquisitions and we expect to see many, many more this year. The journey towards the undefined end-to-end platform continues on, gaining speed in the form of millions and billions of dollars.   What is end to end? Is it buying a house with a click of a button

2/26 - End of Month Update

By Eric Karlene - February 25, 2021
February 25 - Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities (CMI at 100 is a Blanaced Market) We have 11 cities moving in favor of sellers and 6 moving in favor of buyers. The average change in CMI over the past month is +3.5%, down from +5.7% last week. Avondale is the first large city to exceed 1,000, although El Mir

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