Eric Karlene

Eric Karlene

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

Blog

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

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

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

2/22 Market Update

By Madison Blean w/ Lawyer's Update - February 22, 2021
2/22 Market Update Low-interest rates keep housing demand high while available supply continues to dwindle. Today’s market is tough on buyers yet it is still a great time to buy; so we must continue to encourage them. And we must do the same for the sellers as well. Stories of 75 offers in one weekend or a fixer selling as-is for $50,000 over asking come almost daily. Real estate is not fo

2/2 Market Update

By Madison Blean w/ Lawyer's Title - February 02, 2021
2/2 Market Update The frequency in which we are asked, “Is real estate headed for a crash?” seems to be increasing. Given the enormity of uncertainty we have lived with for nearly a year, the question isn’t surprising. Things are going well in real estate and with the limited good news, it is easy to wonder when the other shoe will drop. Research professor, Dr. Brene Brown, cal

1/26 Market Update

By Madison Blean w/ Lawyer's Title - January 26, 2021
1/26 Market Update Are we going to run out of houses to sell? Are we going to have a foreclosure crisis? What about all of the looming evictions? V shape, K shape, policy, stimulus, unemployment, vaccines, why can’t my buyer find a house? Between the emotional exhaustion and pandemic fatigue making sense of today’s real estate market is difficult at best. Add in some misleading headl

1/19 Market Update

By Madison Blean w/ Lawyer's Title - January 19, 2021
1/19 Market Update Today is all about the AZ market. Employment: The national unemployment claims through December increased slightly. Not enough to change it from 6.7%. Last week’s preliminary numbers show another increase in initial claims. The people with the lowest levels of education and the lowest income earners are struggling the most. Unemployment is impacting landlords and rente

1/8 Market Update

By Madison Blean w/ Lawyer's Title - January 08, 2021
1/8 Market Update Looking back at 2020, no one expected residential real estate to be the sector to save our economy. The years of under-building came to a head as demand increased fueled by record-low mortgage interest rates. Existing homes appreciated by 17% in Greater Phoenix. “Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will h

12/11 Market Update

By Madison Blean of Lawyer's Title - December 11, 2020
12/11 Market Update   This week’s update is all about the AZ Market Employment: The national unemployment rate through November is 6.7%. The Arizona unemployment rate through November is 8%. After running lower than the rest of the country through October, we had some slight gains in unemployment. The Cromford Report called it a stutter step. There was a short recovery for some and

Search

keyboard_arrow_up

We use cookies to improve your user experience. By continuing to visit our site, you agree to our use of cookies. Learn More