About mileszimbaluk@gmail.com

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So far mileszimbaluk@gmail.com has created 15 blog entries.

Miles Zimbaluk Named a Top Agent in Arizona

Meet Miles Zimbaluk, a pioneer in the real estate world whose journey began in financial planning, evolved through mortgage brokerage and new construction development, and culminated in a thriving career traversing two countries. Miles made the leap from Canada to the United States a decade ago, geared up with twenty years of industry experience.

Miles Zimbaluk Named a Top Agent in Arizona2024-03-25T16:50:48+00:00

Arizona Real Estate Market Update – March 2024

Spring is peak home buying season in Greater Phoenix. March is the 2nd most popular month for new listings historically (the most popular is January), and the beginning of a 4-month long closing season that lasts until June. Supply is up 14% over last year, still 31% below normal, but 16,886 active listings feels like an avalanche compared to 2 years ago when there were only 4,400 to choose from.

Arizona Real Estate Market Update – March 20242024-04-02T17:52:11+00:00

Arizona Real Estate Market Update – February 2024

With many existing home owners comfortably staying put these days, more attention is placed on first-time home buyers, affordability, and supply of homes. The first thing that comes to mind is the choice between renting and buying. According to RealData the median cost of a 3 bedroom apartment at a 50+ unit complex in Q2 2023 was $2,100 per month in Maricopa County.

Arizona Real Estate Market Update – February 20242024-03-08T20:19:10+00:00

Arizona Real Estate Market Update – January 2024

Well the balanced market didn’t last long, 7 weeks to be exact. Last month the Federal Reserve gave the housing industry a much needed gift. Not only did they not raise the Federal Funds Rate, they also announced their intention to drop it three times in 2024. Conventional mortgage rates responded by dropping from 7.1% to 6.62% within 2 days.

Arizona Real Estate Market Update – January 20242024-03-08T20:20:23+00:00

Arizona Real Estate Market Update – December 2023

Greater Phoenix has moved out of a seller’s market and into a balanced market, but it’s unclear how long this opportunity will last for buyers. December is typically the calm before the storm each year for the housing market, and this year is no different. New listings are at their lowest this month as many sellers opt to wait until January to list their home.

Arizona Real Estate Market Update – December 20232023-12-21T19:03:21+00:00

Arizona Real Estate Market Update – November 2023

Buyers who felt they lost out on the buyer’s market last year will be getting another chance this year. The Greater Phoenix housing market, on the whole, only has a few days left before it enters a balanced market. However, as 18 cities are still in seller’s markets, there are 11 that are either already in balance or in buyer’s markets.

Arizona Real Estate Market Update – November 20232023-12-21T19:04:17+00:00

Arizona Real Estate Market Update – October 2023

The 4th quarter is here, and this is the best time of year to be a buyer in Greater Phoenix! Inventory continues to rise, up 22% in 10 weeks to be exact, and price reductions typically peak in October and November. Most sellers listing in October are motivated to close on their homes before the end of the year, but few are more motivated than builders.

Arizona Real Estate Market Update – October 20232023-10-18T23:21:14+00:00

Arizona Real Estate Market Update – September 2023

It continues to be a sellers market across the greater Phoenix area. So far this year, sales prices have appreciated 6-7% over the past 8 months, with 12 fewer days on market compared to last year, and tighter negotiations within just 2% of the last list price on average. Sale prices are expected to continue rising mildly for the next 3 months.

Arizona Real Estate Market Update – September 20232023-10-18T23:21:02+00:00

Arizona Real Estate Market Update – August 2023

Not a lot of changes are happening in the housing market right now. It’s as if both buyers and sellers are in a holding pattern awaiting a sign before making a move. Conventional mortgage rates have held steady in the high 6% and low 7% range for nearly 3 months now with little signs of a decline yet.

Arizona Real Estate Market Update – August 20232023-08-30T23:28:07+00:00
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