Market Commentary

Jan. 13, 2020

Metro Phoenix named hottest hoosing market

Metro Phoenix is the "hottest" housing market in the U.S., according to respected national experts.

However, the term hottest is not defined as it was in the past when prices and building of homes were going up in double digits.

Metro Phoenix is hot now because prices are not ...

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Posted in Market Commentary
Dec. 9, 2019

Is Now A Good Time To Buy a Home

I am often asked when is the best time of year to buy a home in Metro Phoenix.

For the years 2015 through 2018, the month with the lowest median purchase price is January. For each of these years the median purchase price was between five to nine percent higher ...

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Posted in Market Commentary
Sept. 23, 2019

A Glimmer of Hope for Buyers

A faint glimmer of good news for buyers as the supply of homes has finally stopped declining and actually rose slightly in the last week.  While active listings are still 16% lower than they were at this time last year, they are 1% higher than 4 weeks ago.  ...

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Posted in Market Commentary
Aug. 5, 2019

Phoenix Employment Growth

Employment growth in metro Phoenix was robust, gaining 58,500 jobs in the 12 months ended March 31, showing a gain of 3.1%, nearly double the national rate.  Improvement was widespread, with all sectors showing net gains.  Construction led the way with the addition of 14,000 ...

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Posted in Market Commentary
July 15, 2019

Phoenix Metro Home Prices Continue to Rise

The Valley's housing market is still strong with prices setting new records and the number of sales continuing to soar.

Valley Real Estate experts do not see signs of a major correction.

According to Tina Tamboer, senior housing analyst with the Cromford Report, a potential plummet in the area ...

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Posted in Market Commentary
July 8, 2019

Metro Phoenix Job Growth

The Phoenix metro area saw some of the strongest job growth during the past year, according to the latest data from the U.S. Bureau of Labor Statistics.

 

Metro Phoenix non-farm employment grew 3.2% from May 2018 to May 2019 according to BLS data.  That marks the ...

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Posted in Market Commentary
June 10, 2019

Home Prices Continue to Accelerate in Metro Phoenix

Home Prices continue to rise in metro Phoenix, according to the latest CoreLogic Home Price Index.

Valley home prices gained 6.2% between April 2018 and April 2019, the report said.  That's still significantly higher that the 3.6% average home price growth across the country, and was ...

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Posted in Market Commentary
May 24, 2019

Phoenix,Buckeye fastest growing US Cities

Population Growth

These two Arizona cities are the fastest growing in the US, according to population estimates released by the U.S Census Bureau.

Buckeye's population saw the largest percentage growth of any city in the country, growing in size by 8.5% between July 1, 2017 and July ...

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Posted in Market Commentary
April 29, 2019

Maricopa County again fastest growing in the nation

More people moved to Maricopa County than any other county in the nation last year, according to the U.S. Census Bureau.

This is the third year in na row that the county led in growth.

The County added 81,244 people between July 2017 and July 2018. That's ...

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Posted in Market Commentary
Jan. 29, 2019

January28 Phoenix Market Summary

Posted in Market Commentary