Metro Phoenix Median Home Price Poised to Fall by $25K for July 2022

By Catherine Reagor | Arizona Republic Metro Phoenix’s overly hot housing market cooled quickly in June, and prices are expected to drop in July. Rising interest rates, stock market swings, a jump in supply of houses for sale and slower sales all hit the market this summer. As a result, the Phoenix-area median home price …

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2 Million More Workers Than Expected Have Retired

Based on pre-pandemic trends, more than 47 million workers age 55 or older were projected to be retired* as of this July. More than 49 million are actually retired. Notes: *For each month after February 2020, the projected retired population is calculated using a corresponding projected retirement rate among people who are 55 or older. These …

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If Maricopa County was a State, Where Would It Rank in Net Population Increase?

By Fletcher Wilcox | Grand Canyon Title Agency On May 4, the U.S. Census Bureau released its 2020 county population estimates. According to the data, Maricopa County had the largest population increase out of all counties in the United States — increasing by 86,820 for an average of 238 people per day. This was the …

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Short Supply of Homes Can Result in Risky Contract Concessions

If you missed our March 17 virtual Happy Hour (VHH), you missed news from Scottsdale Director of Transportation Mark Melnychenko and this Market Update from Fletcher Wilcox. Our next VHH is April 14, 2021; more info here and registration here. An extremely low supply of residential homes for sale, combined with an enormous oversupply of …

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How Top Real Estate Producers Plan to ‘Shake It Up’ in 2021

At the Scottsdale REALTORS® Virtual Happy Hour on January 20, members were treated to a record-setting market update from Fletcher Wilcox and strategies from two top producers. “Wow, has it been hot in Scottsdale!” said Wilcox. “Median Purchase Price: Maricopa County was up 14 percent year-over-year. Scottsdale was up 17 percent, outperformed the Valley.” SAAR …

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Influencer Marketing Forecast: January vs December 2020

Back in January of this year, Influencer Marketing moderator Fletcher Wilcox (The Wilcox Report) led a panel of local real estate experts that included Jim Daniel (RL Brown Housing Reports), Tina Tamboer (The Cromford Report) and Tom Ruff (The Information Market). Their focus was on local housing futures before COVID-19 hit. Here is how their …

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Metro Phoenix Again Tops Nation in Single-Family Home Rent Growth

By Angela Gonzales | Phoenix Business Journal U.S. rent price growth has stabilized for the first time since the pandemic, according to a new CoreLogic Inc. report on single-family home rentals. Among the 20 metro areas CoreLogic tracks in its Single-Family Rent Index, metro Phoenix had the highest year-over-year increase in single-family rents in July …

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