Market Commentary

May 8, 2023

The REFI Safety Net

As of the end of March the median price of homes in the Metropolitan Phoenix has increased by $8,000. It appears that the market in the area has stabilized and will be showing moderate increases during the year.( my opinion )

The rate of sale of existing homes as somewhat ...

View More
Posted in Market Commentary
Dec. 6, 2022

Why There Won't be a Flood of Foreclosures

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market | MyKCM

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key ...

View More
Posted in 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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
Posted in Market Commentary