“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said. And he’s right: most of us would have expected the Phoenix housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. […]
Below is a Phoenix housing market update for September 2020 provided by The Cromford Report. It features some of the most important stats and news our clients ask us about on a regular basis. If you would like similar information about the real estate market in a specific city or zip code within the Greater […]
Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak — and subsequent stay-at-home orders — led many buyers and sellers to put their moving plans on hold. In April, nationwide, new listings fell nearly 45% and sales volume fell 15% compared to last year.1 Fortunately, as […]
A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.1 Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will inevitably end. So you may be wondering…how will an eventual recession impact […]
