August 2020 Phoenix Real Estate Statistics ARMLS

August 2020 Phoenix Real Estate Statistics from the ARMLS: The current state of our housing market is remarkable, even after our unemployment numbers rose above 12% in April and the U.S. economy contracted nearly 33% in the second quarter. Although many economists predicted a shutdown in our housing market, the opposite is happening.

Since June, we’ve seen strong gains in home prices and sales volume. The housing market is being fueled by low interest rates. Freddie Mac just reported another all-time low with the 30-year fixed rate having dropped to 2.86%. Continue reading →

Tools that provide effective tenant communication

Tools that provide effective tenant communication: To be a successful landlord, you need to establish good communication with your tenants. Even if you take the time to select responsible tenants, constant contact with them is important. They will have maintenance issues, and possibly even maintenance emergencies. They will have life changes that also require lease changes, like marriage or getting a pet. If your tenant is redeployed or dies, you’ll need to replace your tenants sooner than you expected. Continue reading →

Getting your tenant to pay on time, all the time

If you have ever been a landlord, you’re familiar with all the problems that come from not being able to collect the monthly rent. If your tenants pays his rent late, you have to cover the mortgage payment yourself plus spend time to collect the rent— a costly and irritating procedure. If you have multiple properties, it can become a full-time job. Luckily, we have advice on getting your tenant to pay on time, all the time. Continue reading →

September 2019 Phoenix Real Estate Statistics: 2019 has been an excellent year for ARMLS subscribers. When viewing the first 3 quarters of 2019, this year ranks number one with $25.47 billion dollars in gross sales. When the year ends, 2019 will most likely finish second to 2005. Continue reading →