Archive for Monthly Housing Market Snapshot

Mortgage Rates – Jan 30, 2018

Tuesday, January 30th, 2018 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4.375 to 4.5 APR 4.65 15 Yr 4.125 to 4.375 APR 4.41 ARMS 5 Yr 4 to 4.25 APR 4.37 7 Yr 3.875 to 4 APR 4.124 FHA/VA 30 Yr 3.75 APR 3.82 15 Yr 3.5 APR 3.61 2018 Loan limits have INCREASED $453,100 Conventional and VA vs $417,000 $294,515 FHA vs $279,450

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Housing Market Starts Strong for 2018

Saturday, January 13th, 2018 azrealtycom No Comments »

Here are some good indicators showing US housing market carries great momentum from 2017 to 2018: Home equity has hit a new record high, reported to be $5.5 trillion. Remodeling spending topped $152 billion in 2017 and is forecast to increase in 2018. Mortgage applications on newly constructed homes rose 18% in December from the […]

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Metro Phoenix Housing Ends Strong!!!

Thursday, December 21st, 2017 azrealtycom No Comments »

Click below infographic for clear resolution.

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ARMLS RENT Check™ – April, 2017

Friday, May 26th, 2017 azrealtycom No Comments »

For the month of April 2017, all RENT Check indicators showed great momentum comparing to previous month, March 2017. Median Lease: $1,350 – Healthily increased from $1,328 previous month. Average Lease: $1,546 – Aggressively increased from $1,470 just previous month. Avg. Days on Market: 27 – Decreased from 31 days of previous month. Rent Check Quotient™: 2 : 10 […]

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Absorption rate – March, 2017

Sunday, April 30th, 2017 azrealtycom No Comments »

Absorption rate is the percent of sales that are sold each month of the inventory. A higher percent means that inventory is moving at a faster rate, and thus is a Seller’s market. The total absorption rate for metro Phoenix is at 37% for the month of March, 2017. Certain areas of the metro have […]

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Market Snap Shot – March, 2017

Sunday, April 30th, 2017 azrealtycom No Comments »

As of March 31, 2017, we sit at 19,397 active listings. Sales are at 8,943 for the month of March 2017, up by 2,053 units since January, 2017! Pending sales are 7,714 vs. a quarter ago at 4,935. We are currently at 2.2 months of supply. Traditionally, 3-4 months of supply indicate a balanced market. […]

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Friday the 13th

Friday, January 13th, 2017 azrealtycom No Comments »

According to the Stress Management Center and Phobia Institute in Asheville, North Carolina, an estimated 17 to 21 million people in the United States are affected by a fear of this day, making it the most feared day and date in history. Some people are so paralyzed by fear that they avoid their normal routines […]

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October 2014

Tuesday, November 4th, 2014 azrealtycom No Comments »

Metro Phoenix Housing Market Snapshot October 31, 2014 All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO 10/31/2014 9/30/2014 10/31/2013 10/31/2012 Active listing 27,613 ↑ 26,861 26,509 22,851 Pending Listing 5,455 ↓ 5,469 6,106 9,912 Sales Per Month 5,686 ↓ 6,580 5,838 6,970 Monthly Supply 4.7 ↑ 4.3 4.5 3.4 Monthly Sales $/SF $127.77 […]

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September 2014

Monday, November 3rd, 2014 azrealtycom No Comments »

Metro Phoenix Housing Market Snapshot September 30, 2014 All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO 9/30/2014 8/31/2014 9/30/2013 9/30/2012 Active listing 26,833 ↑ 26,373 23,478 21,711 Pending Listing 5,937 ↓ 5,950 6,991 9,801 Sales Per Month 5,481 ↓ 7,546 6,513 7,570 Monthly Supply 4.3 ↑ 3.9 3.4 3.0 Monthly Sales $/SF $126.49 […]

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August 2014

Monday, November 3rd, 2014 azrealtycom No Comments »

Metro Phoenix Housing Market Snapshot August 31, 2014 All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO 8/31/2014 7/31/2014 8/31/2013 8/31/2012 Active listing 26,313 ↓ 27,204 21,457 20,734 Pending Listing 5,964 ↓ 6,535 7,323 10,681 Sales Per Month 7,098 ↑ 6,065 7,932 7,484 Monthly Supply 3.9 ↓ 4.1 2.9 2.9 Monthly Sales $/SF $125.89 […]

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