Luxury Condo Sales in Scottsdale and Phoenix – December 2022 We saw inventory fall off quite a bit in December. However, this is not unusual as many listings are set to expire on December 31st, plus people sometimes take their homes off of the market during the holidays. Sales and contracts were on target for […]
The Truth About Negative Home Equity Headlines
Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what scale. […]
Quick Video Update of the Scottsdale Real Estate Market – December 2022
– December 2022 Scottsdale Housing Market Video – Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of December. December 2022 – Video Scottsdale Active Listings We saw another year-over-year jump (117%) in listings. However, to put this in perspective, Scottsdale had incredibly low inventory levels last […]
2023 Real Estate Market Outlook (And What It Means for You)
Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both […]
Scottsdale AZ Single Family Home Sales – December 2022
– December 2022 Scottsdale Homes for Sale and Home Sales – Welcome to the final month of Scottsdale home sales for 2022! December tends to be a quieter month as many people move into holiday mode. And, this December was no different. SCOTTSDALE HOME SALES ACTIVITY – DECEMBER 2022 Every month, we look at the […]