Market Commentary

May 27, 2022

Arizona's Workforce

The following is a breakdown of the Arizona Workforce as provided by the U.S. Bureau of Labor statistics:

                             Trade,Transportation,and Utilities: 20%

                                Education & Health Services:         15.54%

                             Professional & Business Services:   14.85 ...

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Posted in Market Commentary
May 23, 2022

Recent Award from LeadingRE

 

Scottsdale, AZ) –  Arizona Best Real Estate received the prestigious Diamond Award from Leading and it’s a true pleasure to recognize them and celebrate their success,” said LeadingRE President/CEO Paul Boomsma.

 

Arizona Best Real Estate is the Greater Phoenix representative of LeadingRE (www.LeadingRE.com). With ...

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Posted in Market Commentary
May 16, 2022

2022 Home Price forecast

Will Home Prices Fall This Year? Here’s What Experts Say.

Will Home Prices Fall This Year? Here’s What Experts Say | MyKCM

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyerseller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re ...

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Posted in Market Commentary
April 28, 2022

Home ownership as a hedge against inflation

If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big ...

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Posted in Market Commentary
March 16, 2020

Market Statistics

As the valley's housing market continues to heat up, prices are rising and homes are selling faster than they were a year ago.

The Phoenix area experienced the nation's sharpest drop in housing inventory during February compared with a year earlier, according to data released by Realtor.com ...

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Posted in Market Commentary
Feb. 3, 2020

More building but no boom

Builders, buyers and investors are more bullish on new homes because of the extreme shortage of existing homes for sale in metro Phoenix and other surrounding areas.  Year to date sales of existing homes are 3,459 with an active inventory of 7,685 homes.  That means if ...

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Posted in 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