The current real estate market in Metro Phoenix can be succinctly described as “subdued.” Despite low sales volumes and distress levels near historic lows, stability prevails. A notable shift in prices seems unlikely in the near future, dampening hopes of significant price reductions. The trajectory hints at a gradual move towards balanced market conditions, tempering […]
As the sun rises over the picturesque landscapes of Arizona, it illuminates a bustling scene of community and commerce: the farmers market. With tents pitched and vendors ready, these markets offer more than just a place to buy groceries—they provide: Let’s journey through some of Arizona’s finest farmers markets, where sunshine, camaraderie, and locally sourced […]
In the vibrant culinary landscape of Metro Phoenix, where taco stands and Southwestern cuisine reign supreme, a hidden treasure trove of pizza paradises is waiting to be discovered. From award-winning establishments to family-run gems, each pizzeria offers a unique experience and tempting flavors. Let’s embark on a flavorful journey as we unveil the 10 best […]
This year, homeowners have a golden opportunity to make a successful sale. From April 14th to 20th, the housing market aligns perfectly for sellers aiming to garner substantial interest, close deals swiftly, and fatten their wallets. Analysts have observed that buyer demand surges, competition dwindles, and price reductions are scarce compared to the usual weekly […]
In Quarter 1, 2024, Metro Phoenix saw a 6% drop in Sold properties compared to Quarter 1, 2023, yet Average Sales prices increased by 13%. Despite this, Inventory rose, offering homebuyers more choices and bargaining power. As we enter Quarter 2, our seasonally strong period for sales, attention turns to potential rate cuts by the […]
In 2023, the real estate market in Arizona delivered unexpected challenges for home-flipping enthusiasts. According to a report by ATTOM, a prominent real estate data analysis authority, there was a 29.3 percent decrease in the flipping of single-family homes and condos compared to the previous year. This downturn represented the most significant annual drop since […]
We’ve all experienced it before when something looked amazing online and didn’t quite live up to it’s photos in real life. Over the last twenty years, we’ve all come to learn that you can’t believe everything you see on the internet, especially when it comes to the world of real estate. While some photos might […]
Today, on March 20, 2024, the Federal Reserve has again opted to maintain the current interest rates, marking the fifth consecutive meeting without any adjustments. This decision arrives amidst a globally anticipated announcement, underscoring the Fed’s deliberate strategy in the face of a multifaceted economic landscape. Understanding the implications of this decision requires a deeper […]
Federal Reserve Chair Jerome Powell’s testimony before Congress on Wednesday underscored the central bank’s cautious stance on interest rate cuts despite mounting pressure for monetary easing. Powell reiterated the Fed’s commitment to closely monitoring inflation and economic indicators before considering any adjustments to interest rates. In his prepared remarks to the House Financial Services Committee, […]
Inflation, the relentless specter haunting the economy, has once again defied expectations, casting a shadow over hopes for a swift resolution to its grasp on consumer wallets. According to the latest report from the Labor Department, inflation surged more than anticipated in January 2024, propelled by the unyielding surge in shelter prices, which has become […]
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