Market Updates

July 20, 2023

Rising interest rates and stricter lending standards are also contributing to the market volatility.

House

Is this the end of the housing market in Phoenix? Between all the new construction, rising interest rates, and stricter lending standards, it seems like the Greater Phoenix real estate market has taken a major hit. But is this the end of the housing market in Phoenix? According to our ...

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Posted in Market Updates
Oct. 26, 2021

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Important Distinction: Homes Are Less Affordable, Not Unaffordable | MyKCM

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over ...

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Posted in Market Updates
Oct. 26, 2021

Your Home Equity Is Growing

Your Home Equity Is Growing [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year.
  • Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to ...
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Posted in Market Updates
March 13, 2021

This Hot Market is Starting to Cool - a Little!

As home prices increase, we are finally seeing demand cool A BIT. It is still strong, however, because of low inventory.  This is an excellent time to sell because you can still get top dollar.  However, a lot of people are wondering when they should buy.  The ...

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Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates