Arizona Real Estate Notebook

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In January, inflation was slowing and many people felt the Fed would stop increasing interest rates sooner than previously expected. In February…
After increasing $100,000 from Feb 2021 to Feb 2022

February 2023

Low sales matched by a low number of houses hitting the market. Market kinda balanced!
John Wake
Real, inflation-adjusted prices are still above the peak in 2005.
John Wake
But the Real Mortgage Payment Price is still crazy high so I expect prices to be a lot lower a year from now.
John Wake
1

January 2023

Interactive Charts - Weekly and Monthly Real, inflation-adjusted median price is down 15% since May. I think we could easily see another 15% before…
John Wake
1
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…
John Wake
From $525,000 in May to $440,000 in December
John Wake
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…
John Wake

December 2022

- 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…
John Wake
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…
John Wake
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…
John Wake
© 2023 John Wake
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