Renters Want Home Ownership But….
"The dream of home ownership remains very much alive and well," said Zillow's chief economist Stan Humphries. "But these aspirations must also contend with the current reality, and in many areas, conditions remain difficult." In all but one of 20 metro areas Zillow...
Should Builders be Building Compact Homes?
Should Builders be building compact homes? Advocates are arguing for a drastic change in home building. This would be a major change in housing industry. The housing industry is not prone to making changes. Recent surveys of millennials and baby boomers have shown a...
The February Surge in Real Estate Sales
What will the future hold for the Phoenix housing market? As of February there was a surge in Real Estate Sales. January numbers were not impressive but things changed in February. Michael Orr discovered a more than 30 percent jump in pending sales across the...
Zillow and the Accuracy of Zestimates
Zillow should stick to what it does best. Post listings. The Zestimates they provide are not worth the paper they are printed on.....oh wait they are not printed on paper. Do you think this is harsh? Realtors don't. Honestly I don't hate Zillow. But they should...
Boomerang buyers returning to housing market
What is a boomerang buyers? Boomerang buyers were thrown out of the mortgage market after foreclosures or short sales during the crash but now can qualify for a home loan again. They were in a 'time out' from the mortgage market. This 'time out' period varies...
March statistics for the Phoenix metro area Housing market
Want to know what the March statistics for the Phoenix metro housing market is? ARMLS (Arizona Regional Multiple Listing Service) does a monthly report. This gives you Phoenix housing market data. stat-march-2015 Commentary by Tom Ruff of the Information market...
Michael Orr Sees Uptick in Phoenix Housing Market
If you read my blog you know I have great faith in the analysis that Michael Orr does in the Phoenix housing market. He has access to MLS data and is right on top of the local market. The sluggish Phoenix housing market just got a pleasant surprise. New figures show...
2014 Phoenix Housing Market
The Phoenix housing market in 2014 was slow. New home sales--Down 9.8%. New home permits--Down 15.2%. Existing home sales--Down 7.9%. Housing starts (The number of new residential construction projects that have begun during any particular month) ended 2014 down 15...
Michael Orr on the Phoenix Housing Market
Michael Orr on the Phoenix Housing Market. If you want to know the Phoenix housing market you read what Michael Orr has to say. He is discussing major factors that determine the Phoenix housing market-- investors, foreclosures, supply and demand, and rentals. He...
More 2015 Real Estate Predictions
The Chrystal balls are coming out. There are tons of 2015 real estate predictions. Most folks say 2015 will be better that 2014 but not an amazing year. However that all depends on who you are and what you want. Most folks want to see growth....prices rising. If...