It's the high season in Phoenix but the number of single-family houses for sale isn't falling... yet
$10,000 First-Home Buyer Tax Credit?
In his State of the Union speech, President Biden pitched the idea of a $10,000 first-home buyer tax credit.
That gives me deja vu.
Do falling house prices create tax credits?
Just Updated My Fed Housing Charts on RealEstateDecoded.com
The page is a great way to see what’s really happening in the U.S. housing market without any spin.
AZ AG's case against RealPage & landlords keeps gaining media momentum
This view from 2,000 miles away is very positive... even for the conservative host.
I did NOT see this controversy coming.
But I can't explain why rents increased so much either.
Click on the graphs to go to the full-size, interactive versions.
Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.