Using Leading Indicators to Predict the Housing Market

Using Leading Indicators to Predict the Housing Market

Leading Indicators

Leading indicators are the only way to accurately make a realistic prediction of future performance. Trailing indicators, such as "Sold Prices" show what has already happened 30 to 60 days ago. We have seen Sales price per square foot increase every month in 2023, up 6.4% since December. So what happened? "Listings under contract" is another indicator, and we’ve seen the fewest numbers of buyers in escrow at any time since 2009.
 
This indicates a very slow market. Low buyer activity, paired with even lower seller activity, points to more upward pressure on prices in the Valley. Watch this month's 3-minute market update to understand why Market Report.

WORK WITH DENISE AND NORM

In 2022, Van Den Bossche was ranked the #1 Agent for Realty Executives in Maricopa County. She brings 20 years of expertise gained from the commercial and general contracting sector prior to transitioning into residential sales in 2005. She and her husband Patrick, President of Realty Executives International, live in Paradise Valley and have two daughters and one granddaughter. Before partnering with Denise in early 2024, Norm Hampton spent 30 years in the Medical Technology “C-suite.” His corporate career with many complex contract negotiations along with the building and remodeling dozens of homes and investment properties have equipped Norm with a strategic and creative mind towards transactions and an attention to detail that is unsurpassed. Norm and his wife Misty, live in Scottsdale, and have one son and one daughter. Together, Denise and Norm bring 70 years of business acumen to the table. They are both passionate about customer service and will leave no stone unturned for their clients, offering a full range of real estate. They are both passionate about Faith, Family and Fitness.

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