In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home […]
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase. […]
The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open […]
The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of […]
More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are […]
Metro Phoenix Average Sales PriceMarch 2020 – $605515April 2020 – $6188072% Increase Average Days On MarketMarch 2020 – 65April 2020 – 633% Decrease Average Sale Price Per Square FootMarch 2020 – $227.27April 2020 – $224.371% Decrease Sale to List Price RatioMarch 2020 – 97.27%April 2020 – 96.31%1% Decrease Number of Sold ListingsMarch 2020 – 744April […]
Average Sales PriceMarch 2020 – $914,003April 2020 – $867,9995% Decrease Average Days On MarketMarch 2020 – 85April 2020 – 850% No Change Average Sale Price Per Square FootMarch 2020 – $284.55April 2020 – $284.980% No Change Sale to List Price RatioMarch 2020 – 96.97%April 2020 – 96.21%1% Decrease Number of Sold ListingsMarch 2020 – 485April […]
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