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Real Estate Market | Elite Results Realty Blog

Monday, November 9, 2020   /   by Vyral Marketing

I Hate to Burst Doomsayers’ Bubbles, but the Bubble Isn’t Nigh

If you’re afraid of an impending housing bubble, ponder these three points.

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There are three main factors to look at when determining whether or not we’re heading toward another real estate bubble, the first of which are vacant homes. Before the burst of the 2000s bubble, there were tens of thousands of homes sitting vacant. Many homes were purchased on speculation, meaning that folks would buy houses and do nothing with them simply in the hope that prices would rise dramatically, allowing them to sell for top dollar later down the road. That strategy worked well for maybe a year at best, then it completely fell apart.
Thankfully, unlike in 2006, there are very few homes sitting vacant at the moment, and here’s why that matters: If we did experience a sudden downturn, the market wouldn’t immediately be flooded with these ‘speculation’ properties. In today&. ...

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  real estate market, market updates

Tuesday, October 13, 2020   /   by Vyral Marketing

What Would It Take for Prices to Drop?

Here’s a look at the market index that may show the future of our real estate market.

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It’s no secret we’re entrenched in a seller’s market, but lately many people have been asking, “What would it take for housing prices to drop?” To answer this question, let's take a look at some of the factors that will play a huge part in determining the future of our Phoenix area real estate market.
At 0:46 in the video above, you’ll see a chart that’s probably the best indicator of what we can expect for future pricing—the “Cromford Market Index as a Predictor of Future Annual Price Appreciation” model. On this chart, the black line represents the leading indicator (the Cromford Market Index itself), while the blue lines represent the actual appreciation rate (i.e., the percentage by which housing prices changed from year to year or month. ...

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  real estate market, seller's market, market updates

Thursday, April 23, 2020   /   by Vyral Marketing

How the Coronavirus Is Affecting Our Real Estate Market

These are difficult times, but real estate is still moving. Today I’m sharing some promising signs from our Phoenix market.

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Curious as to how COVID-19 has impacted real estate? Over the last month, roughly 8,500 properties have sold in Greater Phoenix. Considering that we’ll sell 7,000 a month on average, it’s clear that there’s still some very strong demand in the market.
Many people ask the question, “When the market’s going to crash?” Truthfully, it will only crash if demand dies down and supply increases. On the supply side, we have 14,000 homes on the market—a slight increase from 11,000 last month, but historically speaking, our norm here is 30,000; we went into this pandemic with extremely low inventory, which now serves as a barrier keeping home prices healthy. ...

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  real estate market, market updates

Monday, April 6, 2020   /   by Vyral Marketing

In the Real Estate Market, It’s Been Business As Usual

Despite all the economic turbulence caused by the coronavirus, it's been business as usual for real estate.

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How is the coronavirus affecting the real estate market? Sales-wise, it’s been business as usual, and we haven’t seen a drop-off in prices either so far. The same can be said on the mortgage side of things. Part of the government’s $2 trillion-dollar stimulus package involves them buying down rates, which makes now a great time to buy or refinance. ...

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  real estate market, elite results realty

Elite Results Realty
Rob Hale
1744 S. Val Vista Dr Ste 206
Mesa, AZ 85204
480-845-0048

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 15, 2021
© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Rob Hale - Elite Results Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 15, 2021
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