Arizona Real Estate Market Update
On today’s episode we talk first about this crazy cold and wet weather we’ve had! “Chief” disagrees with our assessment about whether what we saw was snow or hail.
Diane Brennan, host of the show with Coldwell Banker Realty, talks about being sick last week and how in her line of work there really is no “day off” when it comes to being under the weather.
On this episode Diane talks in depth with Tom Ross, with Bay Equity Home Loans about the breakdown of the Arizona real estate market. The numbers are mind blowing. There are currently just over 5,000 active listings on the MLS. The typical number of listings is several times that number. Interestingly, there are at this moment more active real estate brokerage firms licensed in Arizona than there are active listings! Demand is outweighing supply by a huge margin.
Tom talks about the change in the conversation when it comes to his clients making decisions on “when” the right time to buy or sell a home. They work the numbers now for clients to help them come up with a decision. They talk in depth about how your interest rate is calculated and tips for how to manage what that number means.