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PHX Market Update 08-28-2020

By Matthew Hoedt - August 28, 2020
It's not just the weather that's hot, the Phoenix real estate market is breaking all previous records! Here are the latest statistics for July.    

PHX Market Update 08-21-2020

By Matthew Hoedt - August 21, 2020
A weekly update on what's happening in the Phoenix real estate market. This week: Phoenix leads the nation in job recovery, low supply and high demand are pushing the Cromford Market Index to record highs.    

PHX Market Update 07-24-2020

By Matthew Hoedt - July 24, 2020
Demand remains high but the inventory of new listings is more than 60% below normal levels. We are officially in a "frenzy." Good news for sellers, challenging times for buyers, especially under $300,000.    

PHX Market Update 06-26-2020

By Matthew Hoedt - June 26, 2020
  Home prices keep rising, but interest rates are falling to historic lows. This combination means your monthly mortgage payment is almost the same as it was 15 years ago for a similar home!    

PHX Market Update 06-19-2020

By Matthew Hoedt - June 19, 2020
  A weekly update on what's happening in the Phoenix real estate market. This week: a surge in demand coupled with very weak supply is creating a frenzied market.    

PHX Market Update 06-05-2020

By Matthew Hoedt - June 05, 2020
  A weekly update on what's happening in the Phoenix real estate market. This week: we're seeing the market rebound at a much faster pace than expected.    

PHX Market Update 05-30-2020

By Matthew Hoedt - May 30, 2020
  A weekly update on what's happening in the Phoenix real estate market. This week: After weeks of steeply declining demand, the trend has reversed and the rebound begins.    

PHX Market Update 05-22-2020

By Matthew Hoedt - May 22, 2020
Monthly Trusted Advisor University update on hot topics in Phoenix real estate. It's one week since Arizona's stay-at-home mandate expired. Showings and accepted contracts have been rising for 6 weeks in a row and we're almost back to pre-COVID levels. If you've been on the fence about buying, now is the time - before we return to the frenzied market once again.    

PHX Market Update 05-08-2020

By Matthew Hoedt - May 08, 2020
  A weekly update on what’s happening in the Phoenix real estate market. This week: 5 weeks into Arizona's "stay at home" mandate we begin the first steps into easing restrictions, and we still aren't seeing signs of home prices declining.  

PHX Market Update 04-29-2020

By Matthew Hoedt - April 29, 2020
  A weekly update on what’s happening in the Phoenix real estate market. This week: 4 weeks into Arizona's "stay at home" mandate (and waiting to hear if this will continue), plus a few positive signs in market activity.     

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