The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Now, as we move through 2023, there are signs things are finally going to turn around. Home price appreciation is slowing from the recent frenzy, mortgage rates are coming down, inflation is easing, and […]
Scottsdale Real Estate Market
Scottsdale AZ Single Family Home Sales – January 2023
– January 2023 Scottsdale Homes for Sale and Home Sales – Welcome to the first month of home sales results for Scottsdale in 2023. Since we are coming off almost two months of holidays, January tends to be a very slow month for sales, but we often see an uptick in new contract activity. SCOTTSDALE […]
Top 6 Home Design Trends To Watch in 2023
Over the past few years, many of us have spent extra time at home—and that means we appreciate the personal design touches that make a house cozy and comfortable more than ever. Some of us have adapted our dwellings in new ways, from creating functional home offices to upgrading the appliances we use most. But […]
Scottsdale AZ Luxury Home Market – December 2022
– Scottsdale Luxury Home Market Performance for December 2022 – December is usually a pretty quiet month as people are coming off of Thanksgiving and are celebrating the holidays. This December, we saw some areas with decent sales activity, but for the most part, sales performed as expected. This report covers Scottsdale luxury homes and […]
Phoenix and Scottsdale AZ Luxury Condo Sales – December 2022
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 […]
