Wed Sep 02 2020 This week the median list price for Phoenix, AZ is $478,330 with the market action index hovering around 73. This is an increase over last month's market action index of 70. Inventory has held steady at or around 1,068. Click here to stay informed with the Phoenix market!
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
Never miss important changes in the Phoenix market. Median List Price $478,330 Per Square Foot $225 Days on Market 67 Price Decreased 35% Price Increased 7% Relisted 6% Inventory 1,068 Median Rent $1,860 Most Expensive $8,000,000 Least Expensive $71,000 Market Action 73Strong Seller's Market
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $1,200,000 3,792 0.25 - 0.5 acre 4 4 22 31 43 123 $590,000 2,491 8,000 - 10,000 sqft 4 3 29 52 52 54 $392,000 1,796 0 - 4,500 sqft 3 2 40 81 82 48 $259,900 1,426 0 - 4,500 sqft 3 2 51 129 124 42
The number of evictions are set to rise as moratoriums expire, which is leaving a large number of renters with an uncertain future. CNBC's Diana Olick reports.
This video explains the ways a lien can impact your property. We want you to know this so you are aware and can be aware when someone has a claim to your property. www.finelrevealed.com Follow us on facebook or twitter @finelyrevealed to be notified when new videos are launched!
This video answers this important question while providing some amazing tips that will help get your real estate investing business rolling in the right direction. Discover several proven strategies that can be used to form profitable partnerships in real estate investing.
Episode #129 - Coach interviews Robert Leonard, a 25-year-old dad, house hacker, and rental property owner who also has a full-time job as an accounting and finance professional and a "side" hustle as the host of 2 awesome podcasts ( and ). In the podcast interview, you'll learn how Robert and Coach apply the investment principles of Warren Buffett and value investing to real estate. And you'll go step-by-step through Robert's journey to 6 real estate deals, including a live-in-flip, house hack, and long-distance rental property. Companion written interview: --------------------- If you want to support the show, here are some easy ways: 1) Leave a podcast review: 2) Get My Free Real Estate Investing Toolkit & Newsletter: 3) Share the podcast with your friends, coworkers, and family members Connect w/ Coach on Social: -- -- -- -- --
Learn about the process of buying a home with the 203(k) mortgage that allows a home in need of repair or upgrade to get financing both for the purchase and for the repairs.
Foreclosure protections in the CARES Act have kept millions of Americans in their homes. But if those moratoriums expire and the economy worsens, banks may begin seizing houses again.
Yesterday the U. S. Center for Disease Control and Prevention issued a nationwide order halting evictions through the end of the year.
Rental Assistance and Landlords
The eviction moratorium raises concerns for landlords who need to continue to pay mortgages and other expenses related to rental properties. The National Apartment Association said the order “risked further harm to the economy and would amplify the housing affordability crisis and destroy the rental housing industry,” according to The NY Times.
The CDC’s order does describe the available federal assistance made available to tenants. The U.S. Department of Housing and Urban Development informed the CDC that entities who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) funds under the CARES Act may use these funds to provide temporary rental assistance.
Still, the question remains how the eviction moratorium will affect landlords through the rest of the year.
Keep your bank account happy by spending less money on taxes. Lee Phillips is an expert at helping people reduce their taxes by adjusting their gross income, so you’ll want to get out a pen and paper to write down all of the tax strategies he’s laying down.
Do you know the drawbacks of for sale by owner in the summer? Selling as a FSBO are never easy but in the summer months it can be even more of a challenge!
It is possible to sell your home yourself but there are numerous things you need to be aware of. Bill Gassett does a wonderful job of being honest about the work involved and time commitment necessary. You should be fully aware of the drawbacks involved in a FSBO sale. One thing I have run across as an appraiser is the issue of pricing, which Bill addresses in this article. Check this out and get the lowdown on selling as a FSBO.
To get content containing either thought or leadership enter:
To get content containing both thought and leadership enter:
To get content containing the expression thought leadership enter:
You can enter several keywords and you can refine them whenever you want. Our suggestion engine uses more signals but entering a few keywords here will rapidly give you great content to curate.