At a time of year when the number of single-family houses for sale is usually flat or falling, the number INCREASED a lot last week. If this counter-seasonality trend continues next week, that means the market will very likely be very different this spring compared to last spring.
Would be fascinating to have solid data on the number of remote workers in Scottsdale each week. They can disappear from the City easily.
Also have to wonder what happens to STR market once Spring Baseball and Final 4 are over.
Seems the upward momentum in STRs is long gone. Now, the question is whether the momentum will someday turn negative and some landlords will sell.
Airdna.co reports that the # of Scottsdale Area STRs went flat. That rates and monthly revenue dropped 11 and 14%
New MF product finally coming on line.
Truck remtal rates suggest far more moving out than moving in
If the <$1,000,000 market is going to drop sharply, it will happen this brutally hot summer shortly after Spring Training and Final 4 surges end