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 […]
Scottsdale Real Estate Market
Quick Video Update of the Scottsdale Real Estate Market – April 2022
– April 2022 Scottsdale Housing Market Video – Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of April. April 2022 – Video Scottsdale Active Listings The low number of homes on the market is the biggest challenge for buyers. The demand is there, but the homes […]
5 Ways to Write a Winning Offer in Today’s Real Estate Market
Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1 Fortunately, if you’re a […]
Scottsdale AZ Single Family Home Sales – April 2022
– April 2022 Scottsdale Homes for Sale and Home Sales – Things cooled off a bit for the Scottsdale real estate market in April. Sales activity was still very strong, but it was a little slower than last month. And the best news of all is that we ended the month with a jump in […]
Scottsdale AZ Luxury Home Market – March 2022
– Scottsdale Luxury Home Market Performance for March 2022 – March was a very strong month for the sale of luxury homes. Sales in all of the price points we track were up and homes that were listed for less than $3 million were selling above list price on average. In many cases, contracts and […]
Phoenix and Scottsdale AZ Luxury Condo Sales – March 2022
– Luxury Condo Sales in Scottsdale and Phoenix – March 2022 – March’s luxury condo sales activity in Scottsdale and Phoenix was pretty close to what we saw in February. Sales were strong and pending activity keeps increasing, most in communities currently being built out. This report covers the luxury condo market in Scottsdale and […]
Where Are Mortgage Rates Headed?
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” […]
Quick Video Update of the Scottsdale Real Estate Market – March 2022
– March 2022 Scottsdale Housing Market Video – Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of March. March 2022 – Video Scottsdale Active Listings Once again, inventory continues to be our market’s extreme pain point. Pent-up demand and buyers wanting to lock in low rates […]
