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2020 Market Review & 2021 Forecast

2020 Phoenix Real Estate Market Review & 2021 Forecast

On to another year that will see a change for the better in regards to COVID19!  With herd immunity and vaccinations rolling out,  there is reason for optimism. How did the Phoenix real estate market fare in 2020?  And what can we expect for 2021 with all coronavirus efforts? Let’s do a review of the Phoenix real estate market for 2020.  I’ve prepared a video that reviews 2020 and also points out some fundamental metrics such as negative equity and mortgage delinquencies that have been brought on by COVID19.  Continue reading to learn more.

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2020 Real Estate Market Update Phoenix

Phoenix  Real  Estate  Market  Update  – First  Half  2020

Who could have predicted such a crazy six months as we’ve seen in the first half of 2020.  COVID-19 has made everyone sit back and wonder if there is any normalcy left in the world.  The pandemic and the associated events have left many wondering how the real estate market has fared.  That’s what we’re going to look at in this Phoenix real estate market update for the 1st half of the year.  If you are curious, click to  find out.

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Coronavirus and Phoenix Real Estate

Has the coronavirus or COVID-19 put the real estate market in the ICU?

The coronavirus or COVID-19 has taken everyone by surprise and the effects of this pandemic will not be totally understood for months or years to come. However, we can see the effects of this virus on Phoenix real estate in the past month, and where things will go in the next 30 – 45 days.  To understand the cumulative effects and future path, keep reading.

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2019 Real Estate Market Update

Understanding the 2020 Phoenix Real Estate Market

We’re now entering a new decade and putting behind us another year. Every year there are predictions about what is happening in the Phoenix real estate market. Continuing price increases, inventory trends, cash investors displacing first time home buyers, foreclosures creeping up again. These are just some of the topics that everyone with an interest in understanding Phoenix real estate trends would like to know about.  If you fall into this camp, keep reading.

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2019 First Half Real Estate Market Update

Real Estate Market Update for First Half of 2019

If you are wondering how things in the real estate market have started in 2019, I’d like to share some information with you. Are short sales and bank owned properties coming back? How often do sellers contribute toward buyer closing costs? And what has been happening to residential rental lease rates?

Check out the video below to have these and other questions answered.

Was there something that I missed or didn’t get answered? Please let me know and it may be the subject of my next video,.

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2014 Real Estate Market Update

How 2013 ended and where is the market going in  2014?Waterfront View II

The past 2 years have provided Phoenix area homeowners with double digit gains, and the market has been in the sellers’ favor.  But with higher prices and more sellers looking to take advantage, the balance between buyers and sellers is shifting.  Distressed sales (short sales and  foreclosures) which were a favorite of investors continue to see significant decreases. Are foreclosures coming back? Will more houses sell in 2014? How long will it take to sell a home in 2014? Are inventory levels still low?  Continue to read for answers to these questions.

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