Now that August 2020 is completed, TMP is still comfortably in second place in “The Financial League”.

TheMonopolyProject (TMP) showed a $3,000 plus jump due to increases in home valuations in the Phoenix area.

The big starfor the month was the stock market. ‘VTSAX – Vanguard’s Total Stock Market Index’ jumped about $8,000; over 7 % in one month!

TheMonopolyProject (TMP) formula for TOTAL EQUITY is:

TOTAL EQUITY of TMP = ‘Bank Account’ + ‘1 SHF – estimated equity’ = $124,801.

How did we get to the ‘REO Owned Estimate of Equity’ of $66,688 for the month of August?

We used the arithmetic average of three websites (Redfin, Zillow, Realtor.com) that estimate home values.

All three estimates showed an increase of 3 to 5 thousand dollars. The Realtor.com estimate is now inline with the other two. They had been an outlier for the last year.

It’s no secret that the Phoenix home market is hot even with the COVID19 pandemic.

“Home sales and rentals soar in the Phoenix area despite COVID-19 pandemic”

“Appreciation rates are now well into double figures, something which we have not seen for 6 years.”

“Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it.”

Our own TMP realtor/broker Jeff Sutherlin, or ‘Just Jeff’, reports on the August marker in his monthly report: