Luxury Rebound – Contracts Over $500K Up 159%

By | General

For Buyers: Greater Phoenix is officially back to a frenzy market with more properties under contract than what’s available for sale.  Over the past 4 weeks the number of contracts accepted weekly has jumped another 20% since last month’s report, bringing the total recovery since April 5th to 68% and 2.5% higher than it was… Continued

June 29, 2020

Pandemic Puts Housing in a “Pinch” COVID-19 Aftermath: Good News for Normal Buyers

By | General

  The kickoff of 2020 was developing into a nightmare for normal buyers who just wanted to find a place to live.  Extreme competition for homes between wholesalers, cash buyers, vacation rental investors and traditional buyers depleted supply and created an environment consisting of multiple offers, appraisal waivers and an increasing number of sales over… Continued

April 14, 2020

Market Summary for the Beginning of 2020 January 8, 2020 | ©2020 Cromford Associates LLC and Tamboer Consulting LLC

By | General

The current situation is remarkable. Here are the basics – the ARMLS numbers for January 1, 2020 compared with January 1, 2019 for all areas & types: Active Listings (excluding UCB & CCBS): 12,141 versus 17,339 last year – down 30.0% – and down 12.5% from 13,869 last month Active Listings (including UCB & CCBS): 15,018… Continued

January 9, 2020

Early Move-Out Due to Abuse by Christopher Combs.

By | General

Question: Eight months ago my husband and I signed a one-year $1,200 month lease for a condominium in Peoria. We have lived there with our four-year-old and six-year-old sons. Although my husband has been verbally and physically abusive to me almost from the beginning of our marriage, I am used to it. My husband is… Continued

August 14, 2019

I can help you save thousands with iBuyers

By | General, iBuyers

Selling a home is an important life event and you should be assisted by a professional who is looking out for your best interest. In today’s market you have a number of different options when selling. The BRAD DANIELS Team will assist you with analyzing the Pros and Cons of selling your home to an… Continued

August 13, 2019

More than 46 percent of Phoenix-area renters pay more than 30 percent of their income for a place to live

By | Real Estate Market Conditions, Rent vs Buying

Apartment rents climbed faster in metro Phoenix than anywhere in the U.S. during the past year. The average monthly cost to rent in the Valley jumped 8.1 percent, more than twice the rate U.S. rents climbed. That increase added $103 to the average apartment renter’s monthly bill, according to national apartment research firm RealPage. The… Continued

August 12, 2019

BREAKING NEWS for our Veterans!!!

By | Down Payment, Finance

The Department of Veterans Affairs will now guarantee no-downpayment loans above the Fannie Mae/Freddie Mac conforming loan limit under the Blue Water Navy Vietnam Veterans Act, signed into law by President Trump Tuesday night. H.R. 299 eliminates the cap on VA home loans, which means that qualified homebuyers can now borrow above the agency’s standard… Continued

June 26, 2019

Mortgage Payments Drop $50 per Month on a Median Priced Home…ListingsUnder Contract Up 19% in 5 Weeks!

By | General, Market Conditions, New home in Gilbert, Real Estate Market Conditions

Buyers got a break last month as 30-year mortgage rates dropped significantly from an average of 4.41% to 4.08%, which is the lowest they have been since January 2018.  On a $267,000 home (the median sales price in Greater Phoenix) the drop equated to nearly $50 per month in savings on principal and interest, which… Continued

April 10, 2019