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Real Estate Market | Elite Results Realty Blog

Monday, November 9, 2020   /   by Vyral Marketing

I Hate to Burst Doomsayers’ Bubbles, but the Bubble Isn’t Nigh

If you’re afraid of an impending housing bubble, ponder these three points.


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There are three main factors to look at when determining whether or not we’re heading toward another real estate bubble, the first of which are vacant homes. Before the burst of the 2000s bubble, there were tens of thousands of homes sitting vacant. Many homes were purchased on speculation, meaning that folks would buy houses and do nothing with them simply in the hope that prices would rise dramatically, allowing them to sell for top dollar later down the road. That strategy worked well for maybe a year at best, then it completely fell apart.
Thankfully, unlike in 2006, there are very few homes sitting vacant at the moment, and here’s why that matters: If we did experience a sudden downturn, the market wouldn’t immediately be flooded with these ‘speculation’ properties. In to ...

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  real estate market, market updates

Tuesday, October 13, 2020   /   by Vyral Marketing

What Would It Take for Prices to Drop?

Here’s a look at the market index that may show the future of our real estate market.


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It’s no secret we’re entrenched in a seller’s market, but lately many people have been asking, “What would it take for housing prices to drop?” To answer this question, let's take a look at some of the factors that will play a huge part in determining the future of our Phoenix area real estate market.
At 0:46 in the video above, you’ll see a chart that’s probably the best indicator of what we can expect for future pricing—the “Cromford Market Index as a Predictor of Future Annual Price Appreciation” model. On this chart, the black line represents the leading indicator (the Cromford Market Index itself), while the blue lines represent the actual appreciation rate (i.e., the percentage by which housing prices changed from year to year or m ...

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  real estate market, seller's market, market updates

Thursday, April 23, 2020   /   by Vyral Marketing

How the Coronavirus Is Affecting Our Real Estate Market

These are difficult times, but real estate is still moving. Today I’m sharing some promising signs from our Phoenix market.


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Curious as to how COVID-19 has impacted real estate? Over the last month, roughly 8,500 properties have sold in Greater Phoenix. Considering that we’ll sell 7,000 a month on average, it’s clear that there’s still some very strong demand in the market.

Many people ask the question, “When the market’s going to crash?” Truthfully, it will only crash if demand dies down and supply increases. On the supply side, we have 14,000 homes on the market—a slight increase from 11,000 last month, but historically speaking, our norm here is 30,000; we went into this pandemic with extremely low inventory, which now serves as a barrier keeping home prices healthy.

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  real estate market, market updates

Monday, April 6, 2020   /   by Vyral Marketing

In the Real Estate Market, It’s Been Business As Usual

Despite all the economic turbulence caused by the coronavirus, it's been business as usual for real estate.


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How is the coronavirus affecting the real estate market? Sales-wise, it’s been business as usual, and we haven’t seen a drop-off in prices either so far. The same can be said on the mortgage side of things. Part of the government’s $2 trillion-dollar stimulus package involves them buying down rates, which makes now a great time to buy or refinance.

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  real estate market, elite results realty

Friday, April 20, 2018   /   by Rob Hale

Give us a chance to beat Opendoor!

The seller's market story continues, but there is more going on in this real estate market than meets the eye. 

Have you ever heard of iBuyers? These are tech-driven real estate investors, like Opendoor and OfferPad, that are absorbing more of the market share. Their total sales dollars have increased 14 percent over the last year. Other investing companies are also buying up properties. This is one of the reasons supply is so low right now. 

These companies are responsible for a growing amount of purchases throughout the valley. They bring cash offers and promise a quick and hassle-free transaction. Sounds great, right? Well then how about an even higher cash offer, that also comes with a quick and hassle-free transaction. That is what we can bring you. 

We have had several clients come to us recently after getting a purchase offer from one of these iBuyers. They wanted to check and see how these offers would compare to what we could do for them. We are happy t ...

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  real estate market, buying a home, seller's market, cash purchase