Immigration could be one of the main factors keeping the growth of our housing market steady here in the USA instead of declining as in other parts of the world. According to Mike Orr a housing analyst with the Cromford® Report, “the higher than average...
Sellers still have the advantage in the vast majority of markets but not their bargaining power, which is not getting stronger. As of September 17, 2015, we have seen the Cromford® Market Index (CMI) barely moving upwards. A positive rise or increase in the index...
The average lease price for most of the Phoenix area, continues to increase month after month since March 2014. The monthly average has increased from $.0.70 per sq. ft to about $0.79 when calculated as a 12 month moving average. For current lessees who don’t...
We experienced considerable seasonal price weakness this summer but our forecast this month is for this weakness to end and be reversed over the coming 30 days. Each month about this time we look back at the previous month, analyze how pricing has behaved and report...
The uptown area of Central Phoenix (zip code 85012) is seeing the highest annual appreciation as of July 2015. This is the area from Thomas Rd to Glendale Ave and between 7th St and Central Ave. September 14 – In the exercise of the last 2 days examining one...
During August we saw supply start to stabilize and demand get a tiny bit weaker. Overall supply remains stuck some 32% below normal while demand is a tiny bit stronger than normal, with closed sales doing a little better than usual while pending and UCB listing counts...
