Market Report

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

Here’s the latest from The Cromford Report: “What an amazing month was June! According to the current ARMLS data, 2,216 homes closed on June 30 across all areas and types, the largest total we have ever recorded for a single day. It beat the previous r

“Housing Prices Fell in March for 8th Straight Month” “Housing Imperils Recovery” “U.S. Housing Market in Double Dip as Prices Fall to Fresh Lows” “Home Prices Continue on their Downward Spiral With No Relief in Sight” Those were a few of the latest re