May 19, 2021
For the first time in history the monthly average price of a single-family home in Phoenix (the city as defined by the USPS) has exceeded $509,000. One year ago, the average was just over $390,000 (that's over a 30% increase!)
Tom Ross with Bay Equity Home Loans discusses these stats with Diane Brennan with Coldwell Banker Realty and the value of that information and more, that the Cromford Report is so incredible delivering!
Also, how much does an Airbnb in Kyrgyzstan cost? The crew discusses that, Handmaid's Tale, how to clean your sinks and cotton balls soaked in vinegar.
Also, one interesting footnote from The Cromford Report's Tina Tamboer - CoreLogic predicted that home prices across the USA would FALL by 6.6% between June 2020 and June 2021. Possibly the most inaccurate forecast in their history. Tina's suggestion: Don't take any 12 month home price forecast any more seriously than a 12 month weather forecast!
The Tom Ross Team at Bay Equity
By phone: 602-684-8200
Office is located at 5635 East Thomas Road, Office 13, Phoenix, AZ 85018