2017 Housing Market Has Been Near Record Levels Strong
Posted by admin on Aug 4, 2017 in Bobs Blog | 0 comments
For the past six months I have been commenting that sales this year have been very strong. As it turns out, this year has been nearing record levels of strong. In the first half of 2017 sales of existing homes were the third highest in the past 17 years of record keeping. Only 2005, the year home prices skyrocketed, and 2011,...
The Phoenix Market is Continuing its Robust Growth
Posted by admin on Jul 7, 2017 in Bobs Blog | 0 comments
So much real estate information provided to us comes from sources analyzing national trends in the housing market. While the information is accurate, it frequently does not paint a true picture of local activity in your own neighborhood. Home sales across the country have dropped slightly from March to April and again to May....
Sales Increase as Sellers Push Value
Posted by admin on Jun 5, 2017 in Bobs Blog | 0 comments
I follow several local and national economists tracking information that I believe is important to all of us residential real estate investors. What continues to amaze me the level of research and interpretation they provide. For example, there were three fewer business days in April 2017 as compared with the month earlier...
Will We See An Appreciation in the Phoenix Market in 2017?
Posted by admin on Apr 4, 2017 in Bobs Blog | 0 comments
I have been reviewing sales numbers by month since January 2014 and a pattern emerged. From February through June, the number of homes listed for sale increased by approximately 20% over the rest of the year; sales started picking up in April or May by about the same percentage. February 2014 saw Sales at 4,797 and new Listings...
Looking at Annual Statistics I Found Something Very Interesting
Posted by admin on Mar 4, 2016 in Bobs Blog | 0 comments
Looking at the annual statistics of our real estate market, I found something very interesting: sales in Phoenix kick-off with the Super Bowl. Historically January experiences the softest housing market. With that in mind, the projection for February sales appears to be strong, approximately 4% above February 2015 with...
How Did The Housing Market Do in 2015?
Posted by admin on Feb 5, 2016 in Bobs Blog | 0 comments
I have been reviewing the housing numbers for 2015. After commenting all year that our real estate market was chugging along, slowly doing better than the month before, it appears that we have achieved a solid performance. It is interesting to note that in the past 15 year of collecting housing data, MLS has ranked 2015 dead...
