Eric Karlene

Eric Karlene

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

Blog

6/30 Market Updates

By Madison Blean - June 30, 2021
Why Do We Have a Housing Shortage? From 2000 to 2009 we over-built for the population. From 2010-2020 we under-built for the population. In 2004-2006, speculation building on credit caused huge problems. When the lending dried up, we had huge price declines. This is not a gap that can be closed easily.   True demand is based on population. With 290 people moving here a day, we have the popu

6/15 Market Update

By Madison Blean - June 15, 2021
6/15 Market Update   While today’s residential real estate market remains unhealthy (remember when 10% appreciation was a lot?), initial progress has been made. Prices are leveling off, supply is increasing, and immediate sales are declining. This is good for buyers, especially first-time homebuyers, who are the key to the real estate market. Without them, the machine stops.   N

6/3 Market Update

By Madison Blean - June 03, 2021
6/3 Market Update   “Buy land, they’re not making it anymore.” ~Mark Twain   April saw its best sales rate in 15 years and at the same time sales declined again for the third straight month. Homes are selling faster than ever before, and prices are higher than ever before; yet the signs are all there, the market is slowing – very slowly – and just startin

5/19 Market Update

By Madison Blean w/ Lawyer's Title - May 19, 2021
5/19 Market Update   This week’s update is all about the AZ Market & a recap from Tina Tamboer with The Cromford Report from 5/12.   Inflation: According to Reuters, consumer price inflation increased by 0.8% from March to April, the largest increase since June 2009. It increased by 4.2% year over year, the highest since September of 2008. Experts blame supply chain c

5/7 Market Update

By Madison Blean w/ Lawyer's Title - May 07, 2021
5/7 Market Update   Logan Mohtashami recently wrote about why we are not in a housing bubble, “These Americans who are outbidding others and getting the home are doing very well financially. I am not talking about cash buyers or investors. I am talking about primary resident mortgage homebuyers. They have enough home-buying power to win the house. The market is unhealthy because we sh

4/29 Market Update

By Madison Blean w/ Lawyer's Title - April 29, 2021
4/29 Market Update   The pandemic created involuntary savings. People simply couldn’t spend the way they had in the past, and all of a sudden they had money for a down payment. Along with historic low mortgage rates and the ability to work remotely; the extra savings enabled super strong demand. As the economy opens up and people are able to spend their money on more services like con

4/20 Market Update

By Madison Blean / Lawyer's Title - April 20, 2021
4/20 Market Update   Despite our fear of change, humans are quite resilient and are far more flexible than we realize. Quite often, change is good. Demand is declining and seasonality is beginning to emerge in the market. We are starting to hear stories about an FHA buyer who finally had a contract accepted and a seller who agreed to a few concessions. This is good news for our exhausted bu

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:

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