As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has […]
Scottsdale AZ Single Family Home Sales – May 2022
– May 2022 Scottsdale Homes for Sale and Home Sales – Things changed quite a bit on the inventory front in May. We saw a big jump in the number of homes on the market, which is great news for buyers. On top of that, sales activity remained strong. SCOTTSDALE HOME SALES ACTIVITY – MAY […]
What Does the Rest of the Year Hold for the Housing Market?
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is […]
Things to Do in Scottsdale – June 2022
– Scottsdale Events June 2022 – June is here and with it comes some new fun events and happenings all over the Valley, and state! Here are some you might want to check out: Old Town Scottsdale June Days – Daily – Experience and celebrate all things Old Town Scottsdale during the month of June. […]
Scottsdale AZ Luxury Home Market – April 2022
– Scottsdale Luxury Home Market Performance for April 2022 – Luxury homes in April continued to perform well and again we saw buyers paying over list price in almost every price point. The great news for buyers is that we saw a healthy and very needed jump in inventory in April. In this report, we […]
The One Thing Every Homeowner Needs To Know About a Recession
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value. The National Bureau of Economic Research (NBER) defines a recession this way: “A recession is […]
Phoenix and Scottsdale AZ Luxury Condo Sales – April 2022
– Luxury Condo Sales in Scottsdale and Phoenix – April 2022 – Things picked up again in April for the luxury condo market in Scottsdale and Phoenix. New contracts were up as well as actual sales. Pending sales are the highest we have seen due to several communities that are still under construction. In this […]
How Today’s Mortgage Rates Impact Your Home Purchase
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does […]
