Phoenix Real Estate Market Update June 2019

June 2019 Market Update Residential real estate in greater Phoenix continues to see price appreciation, driven by modest personal pay increases and falling interest rates.  Current 30-year conventional loans are 3.82% with .5 points. (Fannie Mae, June 2019). Further, the Federal Reserve is now forecasting a drop in rates through next year with many Wall

Phoenix Real Estate May 2019 Market Update

May continues our listings and sales resurgence for the greater Phoenix area.  This is not a random phenomenon but rather a direct response to our continuing interest rate moderation and decline.  As you may have noted, the Fed recently said that “On a 12-month basis, overall inflation and inflation for items other than food and

April 2019 Market Update

After a slow start in 2019, home sales and their corollary “listings under contract” continue their rise into early April, now slightly exceeding the sales and listings under contract for this same period in 2018. Most of the improvement in sales and buyer interest can be attributed to our continually falling interest rates. Interest rates

March 2019 Market Update

This month marks the first full month of our annual, spring buying season.  Every year we build from February into March, with March going full steam ahead.  It is important to note, this “annual buying season” lasts from mid-February through May, with peak activity (listings, under contract) in April, and 2019 is already a highly