Eric Karlene

Eric Karlene

SA630328000 Certified Distressed Property Expert English
11211 N. Tatum Boulevard Ste. 120 Phoenix AZ 85028
(602) 492-2897

Blog

Market Update 8/11

By Madison Blean of Lawyer's Title - August 11, 2020
8/11 Market Update We know a lot more now than we did five months ago but a great deal remains to be seen and so much is still unknown.Let’s start with what we do know. Real estate is saving our economy. What We Know: Demand for real estate is intense all over the country and it is reflected in the 11% year over year sales price increase for the last week of July. The national median sal

8/6 Market Update

By Madison Blean of Lawyer's Title - August 06, 2020
8/6 Market Update Realtors, lenders, buyers, and sellers are exhausted. The Spring and Summer home selling season has been crammed into two months. Not to mention the worldwide pandemic, economic uncertainties, delays in school re-openings, and a heated political climate. To say that there is a lot going would be an understatement. Despite the stress of the unknown, we do know that real estate is

7/28 Market Update

By Madison Blean w/ Lawyer's Title - July 28, 2020
    7/28 Market Update There is definitely some irony in the fact that real estate caused the Great Recession and only 10 years later real estate is driving our current economic recovery. As we face our economic reality of today; we have to look at the good (real estate), the bad (employment struggles and school closures), and the ugly (unemployment). “While other segments of

7/22 Market Update

By Madison Blean w/ Lawyer's Title - July 22, 2020
7/22 Market Update Consumer sentiment has the greatest impact on our economy. It is more powerful than any piece of information or event, so let’s talk about the real numbers. For example, look at the second quarter stock market returns versus the economic data. Investors have no idea why the markets ended so well when there was so much bad news in every headline. The S&P 500 increased

7/19 Daily Observation

By Michael Orr - July 19, 2020
 At times like these, appraisers have a tough job. Prices have risen fast over the past few weeks but the comps that appraisers are looking at stretch much further back in time, including April, May and June, when pricing was much weaker. The result is we are seeing many more agreed sales where the appraisal comes in low. This can be frustrating for the buyers and sellers, causing some sales

7/13 Market Update

By Madison Blean w/ Lawyer's Title - July 17, 2020
7/13 Market Update “This has been a spectacular recovery for contract signings, and goes to show the resiliency of American consumers and their evergreen desire for homeownership,” NAR Chief Economist Lawrence Yun said, “This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.” I hope that real estate can continue to lead t

Contracts Accepted in 8 Days or Less Under $400K

By Eric Karlene - July 09, 2020
Top 5 Cities Selling Over Asking Price Contracts Accepted in 8 Days or Less Under $400K For Buyers: Greater Phoenix has a population of approximately 4.8 million people and 1.4 million single family homes, condos and townhomes in total inventory. As of July 8th, only 8,579 of these units were available for sale through the Arizona Regional MLS. If that number doesn’t cause you to gasp, th

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
 

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