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A Note From Me from August 2025

September 04, 20252 min read

Altitude, Attitude, and Today’s Real Estate Market

I don’t know about you, but lately, I’ve felt a little lost. Sometimes the best cure for that feeling is to literally get lost—so we packed up the car and headed north. We camped under the stars outside Bryce Canyon and then made our way to Park City. A change in altitude really does bring a change in attitude.

And it struck me—our real estate market is going through the same kind of reset.

Yes, both locally and nationally, the housing market has seen stronger days. But opportunity exists in any market. My role isn’t just to complete transactions—it’s to help my clients make thoughtful, long-term decisions that enhance their lives. I believe real estate should be transformational, not transactional.

Here’s what the data is telling us:

  • Americans are staying in their homes more than twice as long as they did in the early 1990s.

  • Homeowners have built up over $35 trillion in equity (National Association of Home Builders).

  • More than 90% of homeowners have positive equity, meaning most are in strong, flexible positions—not distressed. That’s a sign of long-term stability, not fragility.

Now, it’s true that Redfin reported home prices fell in 39 of the top 50 housing markets in July. But that’s only part of the story. Mortgage applications are climbing, buyers are resurfacing, and with nearly 25,000 homes on the MLS in Phoenix right now, there are more choices and fewer bidding wars. That’s not a collapse—it’s balance.

For sellers, this market demands preparation. Buyers want value for the money they’re spending. That means pre-listing inspections, addressing deferred maintenance, and presenting a polished, move-in-ready home. Unrealistic sellers who overprice and underprepare are the ones left frustrated when showings are scarce.

For buyers, this market offers breathing room—more options, less pressure, and the ability to make level-headed decisions.

Just like I took a reset in Utah, our housing market is resetting too. And that’s healthy.

If you or someone you know is ready for a fresh conversation about what’s possible in today’s market, I’d love the introduction. Now is the perfect time for thoughtful planning—whether buying, selling, or just exploring options.

Thanks for reading. And thank you for reminding me that you matter to me too.

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Kendra Harrison

Kendra Harrison lives in Phoenix, Arizona with her husband and children. She started her real estate career in 2007 during the global financial crisis triggered by the bursting of the United States housing bubble and has worked in challenging markets for almost 20 years. Her no nonsense approach to business drives her success and provides desired results for her clients. Her construction and renovation background give her unique perspective on investing. She enjoys the outdoors and adventure, making Arizona the perfect place for her to call home.

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