Market Report

The latest data from The Cromford Report just released shows sales volume dropping in September, but still up 17% over last year with a total of 7,832 homes sold this year.  Supply levels are holding steady for the first time since December 2010, up 0.

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A “Housing Start” is defined as a home on which ground has broken. We shouldn’t put too much faith in the fi

Home affordability slipped slightly last quarter, dragged down by rising mortgage rates and recovering home prices in Arizona and nationwide. The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. This means

Market data for the beginning of September from The Cromford Report’s shows more encouraging signs.  It shows a slight softening in demand and pricing in the middle and upper end of the market, but increasing demand and price stabilization in the lower

Those of us in Arizona can still recall those days when real estate prices were booming back in 2005/2006, and it seemed like prices would never go down.  The out of control and unsustainable rise in home values and subsequent bust, was a factor of man

The Cromford Report has some interesting data on the Phoenix real estate market as usual.  While prices still appear to be “bumping along the bottom” ,and the existing median home sale price still remains around $110,000 where we’ve been since December