Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage rate hovering around 7% so far […]
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Things to Do in Scottsdale – June 2024
– Scottsdale Events June 2024 – 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: As always, this is just a partial list. Feel free to add any others in the comment section!
Scottsdale AZ Luxury Home Market – April 2024
– Scottsdale Luxury Home Market Performance for April 2024 – Home sales saw some nice increases in April, but new contract activity was a mixed bag. In this report, we examine the luxury home market in Scottsdale. All of these homes were priced at one million dollars or more. Since different price points can see […]
Phoenix and Scottsdale AZ Luxury Condo Sales – April 2024
Luxury Condo Sales in Scottsdale and Phoenix – April 2024 Scottsdale and Phoenix’s luxury condo market had a slower April when compared to March. Inventory was more or less level and new contracts and closed sales were down slightly. To be included in this report, all of these condo units had to have been listed […]
What’s Next for Home Prices and Mortgage Rates?
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can […]