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Ross Novotny | Blog

Monday, May 18, 2020   /   by Ross Novotny

The Current State of Our Market

How has the Greater Phoenix area housing market been impacted by COVID-19?

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In the Greater Phoenix area market, we have 13,932 active listings on the market that do not have a contract tied to them. Around a month ago we had over 14,000 homes on the market; this metric had been on an upward trend in April, but began to downtrend more recently. Overall, this is a decrease from where we were a year ago when we had around 17,000 homes on the market. However, our inventory levels are up considerably over where we were one quarter ago, when we had only around 11,500 active listings.


As far as pending sales go, there are 6,250 homes under contract. That’s up over last month’s 5,703 homes, but it’s down from a quarter ago and significantly down over a year ago, when there were over 7,500 pending sales. While activity hasn’t come to a complete halt, it ...

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Monday, April 6, 2020   /   by Ross Novotny

A PSSA for Homeowners and Renters

A lot of homeowners and renters are struggling to make payments right now. Here’s the information you need to help decide what’s next for you.

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Today we have a PSSA, a public service and safety announcement. Specifically, we’re talking about your financial safety. We want to educate all of you about what’s going on in today’s market because it’s difficult to sort through everything out there. With this information, you can make empowered choices now and in the future.


Here’s an outline of our discussion with timestamps so that you can skip ahead to the topic(s) that interest you the most:


1:25- Why you should pay your mortgage or rent if you have the financial ability to do it, and what to do if you can’t.


2:40- Who is your “loan servicer”?


4:30- What do “Forbearance” and “Deferral& ...

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Friday, March 27, 2020   /   by Ross Novotny

What's Going On In The Arizona Market?

Looking to buy a home? Search all homes hereLooking to sell your home? Get a free home value report


Our thoughts and hearts go out to everyone who is impacted by the coronavirus and all the chaos it has sown in the world lately. No industry has gone unaffected by it, and real estate is no exception. Naturally, people who were planning to buy or sell this year are concerned about the fate of their transactions, so today we’ll spend some time talking about what is currently happening in Arizona real estate and what you can expect as time moves forward.

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