– August 2023 Scottsdale Homes for Sale and Home Sales – As expected, August was a quiet month for home sales in Scottsdale. We see this seasonality for the most part annually as the summer months can be quite hot. We should also factor in interest rates and low inventory as well. On a positive […]
Scottsdale Real Estate Market
Equity Is a Game Changer for Homeowners Looking To Sell
If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to help you feel more comfortable making your move. What Equity […]
Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t a cause for concern. Why ARMs […]
People Want Less Expensive Homes – And Builders Are Responding
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a historically large percentage of the total […]
Scottsdale AZ Luxury Home Market – July 2023
– Scottsdale Luxury Home Market Performance for July 2023 – Activity tapered off again during the month. As I mentioned last month, this is due to seasonality and homeowners taking their homes off of the market during the summer months. But, we did see some mixed good news with pending contracts. This analysis covers the […]
Don’t Expect a Flood of Foreclosures
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts […]
Phoenix and Scottsdale AZ Luxury Condo Sales – July 2023
Luxury Condo Sales in Scottsdale and Phoenix – July 2023 Sales tapered off in July, but we did still see some contract activity in the Scottsdale and Phoenix luxury condo market. This analysis examines the luxury condo market within Scottsdale and Phoenix. To be included, the homes had to be listed for $1 million or […]
7 Common Homebuyer Regrets (And How To Avoid Them)
To avoid buyer’s remorse, be sure to consider your future self when shopping for a home. Most new homebuyers don’t regret becoming homeowners. In fact, according to a survey by LendingTree, 80% of recent buyers who successfully overcame a challenging housing market say they’re glad they found their current homes.1 But that doesn’t mean newly-minted […]
