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6-30 Market Update

By Madison Blean w/ Lawyer's TItle - June 30, 2020
6/30 Market Update The top real estate experts and economists expect to see a strong housing market through the summer. While there is no reason to expect anything but positive growth, there are a number of outside factors that could negatively impact the housing market. It is important to be mindful while being optimistic. Shifts of this magnitude have never happened so quickly and there are no

6/26 Market Update

By Madison Blean w/ Lawyer's Title - June 26, 2020
6/26 Market Update Econ 101 taught us about supply and demand. To measure the health of the real estate market we look at new listings AKA supply, and new pendings AKA demand. When demand outpaces supply, prices go up. This has been good news for a lot of sellers over the past several weeks. However, we are moving closer and closer to running out of houses to sell. According to NAR before the pa

When Do I Get My Keys!

By Eric Karlene - June 22, 2020
 

6/17 Market Update

By Madison Blean w/ Lawyer's Title - June 17, 2020
6/17 Market Update Arizona Market: Cromford Market Index (CMI): The CMI is the best leading indicator available (balance is 100, above 100 is a seller’s market and below 100 is a buyer’s market. Prices rise at 110 and drop at 90). On March 20, the CMI peaked at 241, and yesterday it was at 176.7, up from the bottom of 145.2 we hit on May 15 and up nearly 14 points in the past sev

6/17 Quick Market Update

By Madison Blean w/ Lawyer's Title - June 17, 2020
Arizona Market: Cromford Market Index (CMI): The CMI is the best leading indicator available (balance is 100, above 100 is a seller’s market and below 100 is a buyer’s market. Prices rise at 110 and drop at 90). On March 20, the CMI peaked at 241, and yesterday it was at 176.7, up from the bottom of 145.2 we hit on May 15 and up nearly 14 points in the past seven days. I see a U-shaped

Cromford Report Market Update with Tina Tamboer Confirmation

By Tina Tamboer & Madison Blean - June 10, 2020
Wall Street & Real Estate: Opendoor, Offerpad, Zillow have all re-entered the market and started again in Phoenix. The volatility in the stock market settled before they re-entered.       Affordability: For many years Phoenix has been affordable. Ideal affordability range is 60-75. Below 60, properties are no longer considered affordable. Phoenix is currently 63.

Dr. Yun Addresses Arizona REALTORS®

By Eric Karlene - April 24, 2020
Dr. Yun Addresses Arizona REALTORS®  

Economic Slowdown: What the Experts Are Saying

By KCM - April 02, 2020
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popul

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