One HUGE Reason House Prices Have Skyrocketed

And Phoenix Weekly Home Sale Data

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My Twitter – Highlights

HousingWire @HousingWire

Opendoor reported losing $662 million in 2021. The company also told investors on Tuesday that it has $5.7 billion in unsold real estate inventory.

housingwire.comOpendoor loses more money than Zillow in 2021 - HousingWireOpendoor reported losing $662 million in 2021. The company also told investors on Tuesday that it has $5.7 billion in unsold real estate inventory.

John Wake @JohnWake

Can you guess what year this was?

Better Dwelling @BetterDwelling

US Mortgage Applications Fall To The Lowest Level Since December 2019: MBA #USRE betterdwelling.com/us-mortgage-ap…

John Wake @JohnWake

Rents Skyrocket

azfamily.comRents reach ‘insane’ levels in Arizona, across US, with no end in sightRents have exploded across the country, causing many to fall behind on payments, dig deep into their savings or downsize to subpar units.

John Wake @JohnWake

Scottsdale homeowners fed up with short-term rentals during busy tourist season

azfamily.comScottsdale homeowners fed up with short-term rentals during busy tourist seasonHomeowners in Scottsdale say their neighborhoods have drastically changed over recent years with more short term rentals popping up and they hope the new laws that went into effect in

John Wake @JohnWake

Real U.S. House Prices 12% Above 2006 Peak Real Phoenix house prices match 2006 peak

johnwake.substack.comReal U.S. House Prices 12% Above 2006 PeakReal Phoenix house prices match 2006 peak

John Wake @JohnWake

Ivy Zelman: "I Think We’re at a Peak" “I think that there's risk that these investors are being misled.”

lnkd.inIvy Zelman: “I Think We’re at a Peak”“I think that there’s risk that these investors are being misled.”

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Click on the graphs to go to the full-size, interactive version.

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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.

• Phoenix Weekly Market Updates 2022

• Phoenix Weekly Market Graph (only)

• Long-term Phoenix real estate market graphs