Arizona Real Estate Notebook

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After increasing $100,000 from Feb 2021 to Feb 2022
Low sales matched by a low number of houses hitting the market. Market kinda balanced!
In January, inflation was slowing and many people felt the Fed would stop increasing interest rates sooner than previously expected. In February, however, the employment numbers were so strong many felt the Fed would have to keep interest rates higher for longer to fight…
Real, inflation-adjusted prices are still above the peak in 2005.

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U.S. Housing Market Demographics Will Peak in a Few Years
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But the Real Mortgage Payment Price is still crazy high so I expect prices to be a lot lower a year from now.
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Interactive Charts - Weekly and Monthly Real, inflation-adjusted median price is down 15% since May. I think we could easily see another 15% before…
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Metro Phoenix median sold price for homes DOWN $63,000 in 7 months to $412,000, according to local MLS data. Prices down 3% from a year ago but still up…
From $525,000 in May to $440,000 in December
We're going to see this headline a lot in 2023. The median price of single-family houses sold via the Phoenix area MLS was down 3% from a year earlier…
- Interactive Charts - Weekly and Monthly. - What the Heck is a “Building and Loan”? My economic analysis of “It’s a Wonderful LIfe.” - A LOT of People…
Interactive Charts - Weekly and Monthly Long-Term Monthly Data Weekly Data Click on the graphs to go to the full-size, interactive version. Notice how…
Review of Tom Ruff’s Phoenix Market Report. My Latest Forbes.com, "The Housing Market is Less Rational Now Because of the Internet" and "A Housing Bust…
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U.S. Housing Market Demographics Will Peak in a Few Years
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Arizona Real Estate Notebook

Independent analysis of the Phoenix, Arizona real estate market.
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