The Cromford® Market Index: A Buyer’s Market Returns The Cromford® Market Index (CMI) for all property types in Maricopa County has dropped to 87.1, marking the lowest level since October 2010. This significant decline signals the return of a buyer’s market after 14 years. For homeowners, particularly those facing financial difficulties or the threat of foreclosure, this shift presents new challenges. Navigating today’s market is critical to protect both equity and credit as inventory grows and supply remains uncertain. Avoiding […]
Maricopa County boasts a rich selection of properties listed on the National Register of Historic Places, which helps preserve the area’s unique architectural and cultural heritage. Registering a property not only adds value for many homeowners but also brings several potential benefits. What Makes a Property Eligible for the National Register? For a home to qualify, it typically needs to be at least 50 years old and maintain its historical character. However, younger properties may qualify if they represent significant […]
A note from the team leader, Erica… As the lawsuit filed by Arizona Attorney General Kris Mayes against RealPage continues to unfold, I’ve grown increasingly skeptical. What began as a case of alleged rent price manipulation now seems to be part of a broader strategy by the current administration to use the guise of “affordable housing” to assert more control over the real estate market, particularly on those building wealth through rental properties. The Case Update: Hearing Still Pending Though […]
When it comes to home design, one of the more hotly debated topics is whether to go for a traditional closed floor plan or stick with the popular open floor plan. Each option has its own unique set of advantages and drawbacks, and which one is right for you depends on your lifestyle, preferences, and how you envision using your living space. Let’s dive into the pros and cons of both to help you decide what might suit you best. […]
Every presidential election sparks the same question: ‘Will the election affect the housing market?’ It’s a valid concern, particularly for those buying or selling homes in Arizona. Yet, despite the unpredictability of election years, data shows that the impact on the housing market is minimal. While some buyers might claim they’re waiting for election results, they make up only a small portion of the market and have little influence on overall trends. The numbers back this up, showing that sales […]
