Meet Elizabeth "Lizzie" Hogsed

Metro Phoenix Realtor Jenn Newman of The Brokery told Axios Phoenix the settlement will create some new processes and paperwork but doesn't change the "blueprint for how we do business." However, she's concerned buyers won't understand all their options and could be discouraged if they can't afford the cost of hiring their own agent. A seller can still pay for the buyer's agent through negotiation, and many sellers will choose to do so because it will expand the pool of interested buyers, Newman said.

Tight housing inventory and high prices may sway you to build your next home, but it's definitely not a process without challenges.

The price of a home has skyrocketed across the Phoenix area in the last year, and housing is expected to be in high demand again in 2022. There’s a lot of competition between potential homebuyers, and many first-time homebuyers are losing out to all-cash offers.

Downsizing has long been associated with empty-nesters looking to close the void of their children’s absence, but in recent years, as the concept of minimalism has stormed society, downsizing has become attractive to just about everyone with the privilege to consider it.

Jenn Newman with the Brokery invited me to be a guest on her video series “Candid Conversations.” In this video interview we discuss the COVID-19 pandemic and it’s implications for the Phoenix metro area real estate market. We cover where we are now, supply and demand, what is happening with prices, and our projections for the future.