Arizona's Finest Real Estate Blog

New Listings Up 18% in October between $250K-$400K The 4th Quarter is Seasonally the Best Time to be a Buyer For Buyers:Seasonally the 4th Quarter is the best time to be a buyer and this year is no exception.  Typically buyer contract activity ...

Seller Concessions Spike on Listings Sold Between $200K-$250K Price Reductions up 27% on Active Listings Between $250K-$400K For Buyers: October marks the 4th month in a row that supply has continued to rise between $200K - $400K, which is good ...

Supply Continues to Rise in the MiddleSeller Price Reductions up 46% and 61% in these Price Ranges For Buyers:Overall supply is down 9.6% compared to last September.  At first glance that’s nothing new.  However, for those of you ...

Supply between $200K-$250K has Risen 8.1% since May Seller Price Reductions Up 7% in Popular Price Range For Buyers:If your budget lies somewhere between $200,000 and $400,000 for a home, there’s good news for you.  Supply between ...

Cost of Waiting to Buy Means Less Closet Space or Higher PaymentMore New Homes Sell in Low $200’s This Year For Buyers:Hearing cries for more affordable housing supply, developers have sold more new homes in the low $200’s this year; ...

Good Morning,  I hope you had a great weekend.  RATE MOVEMENT (from prior week) – NO CHANGE  There were few surprises in the data released last week or in the other economic news.  It was a quiet week, and mortgage rates ...

Good Morning, I hope you had a great weekend. RATE MOVEMENT (from prior week) – NO CHANGE After the prior week’s packed economic calendar, last week there was virtually no significant news except for some housing market data.  It ...

Is Greater Phoenix “Overvalued”? Mortgage Payments Are Lower Than They Were 13 Years Ago For Buyers: Interest rates have been increasing along with the inflation rate as of late, which has spawned a string of headlines about ...

Good Morning, I hope you had a great weekend. RATE MOVEMENT (from prior week) - HIGHER Following the prior week's stronger than expected labor market and manufacturing data, the reports released last week continued to suggest that the economy is ...

Good Morning, I hope you had a great week.    RATE MOVEMENT (from prior week) - SLIGHTLY LOWER News from Italy was positive for mortgage rates last week. However, this was partially offset by stronger than expected U.S. labor market data. ...

Good Morning, I hope you had a great week.    RATE MOVEMENT (from prior week)  - SLIGHTLY LOWER Geopolitical events related to Italy and North Korea were the primary influences on mortgage rates last week.  The U.S. economic ...

Good Morning, I hope you had a great weekend.   RATE MOVEMENT (from prior week)  HIGHER!  **Rates are at a 7 Year High!** The market moving economic news last week was viewed as negative for mortgage rates.  This time the ...

Summer is a good time to List Luxury Properties over $500KSupply between $175K-$200K dropped 18% in 3 WeeksFor Buyers: Supply under $200K has continued to drop rapidly, but the $175K-$200K range has accelerated its decline over the past month ...

   RATE MOVEMENT (from prior week) - UNCHANGED Mortgage rates climbed higher during the first half of last week, then reversed direction during the second half to end nearly unchanged.  The movement didn't necessarily correlate ...

Hello, I hope you had a nice weekend.    RATE MOVEMENT (from prior week) ~ INCREASED! Strangely, mortgage rates moved higher during the second half of the week without a clear cause.  The economic data released this week produced ...

MLS Sales Outperform non-MLS Sales in Frenzy Market Supply Supply Under $200K Down 36% Over Last YearFor Buyers: Greater Phoenix ended the 1st Quarter 13% lower in supply, which was not helped by a 2% decline in new listings entering the ...

Good Afternoon, I hope you had a nice weekend.     RATE MOVEMENT (from prior week)  - UNCHANGED  Investors were focused on Friday's Employment report and the policy on tariffs last week.  Despite unexpected results ...

Good Morning, I hope you had a nice weekend.    RATE MOVEMENT (from prior week) UNCHANGED  It was a relatively quiet holiday-shortened week for mortgage markets.  The economic data contained no major surprises and caused ...

Good Afternoon,  I hope you are  having a great week so far.  RATE MOVEMENT (from prior week) UNCHANGED Although the stock market suffered large losses last week, mortgage markets were relatively quiet.  The two primary ...