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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Local Perspective On New U.S. Home Sales ‘Surge’ Numbers

One could argue that all stats are relative and local market data rules. Which is why sharing national stats with clients can be problematic. Take for instance this August 25th MarketWatch headline: New home sales surged to highest level since 2006 in July, but builders could soon face headwinds. How does that play out in …

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Phoenix Home Price Growth is More Than Double the U.S.

By Angela Gonzales | Phoenix Business Journal Once again, Phoenix is No. 1 in the nation in home price growth, with year-over-year price increases of 9% in June, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Phoenix price growth far outdistances the next two major metros: Seattle, with 6.5% year-over-year …

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Demand Pushes Valley Year Over Year Home Price Gains to #1

By Angela Gonzales | Phoenix Business Journal Once again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities. With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix was followed by Seattle, at …

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Maricopa County Nearly Doubles Existing-Home Sales in U.S.

Sometimes headlines like “Existing-Home Sales Climb Record 20.7% in June” make Fletcher Wilcox laugh. This was one of those times. Existing-home sales rebounded at a record pace in June, following three consecutive months of sales declines, the National Association of REALTORS® reported. Wilcox, a VP at Grand Canyon Title Agency, recently moderated his third Influencer …

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Arizona Employment Numbers Are Rebounding. Are You Ready?

By Fletcher Wilcox | VP, Grand Canyon Title On July 16, the Arizona Commerce Authority released its June 2020 employment numbers for Maricopa County. The report showed that after an avalanche of losses, jobs are starting to rebound. Between February and April, the number of people employed in Maricopa County dropped by 207,000. This drove …

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