Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. Even a small decline in rates could help you get a better monthly payment than you would expect on your next home. And the drop that’s […]
Scottsdale Real Estate Market
Quick Video Update of the Scottsdale Real Estate Market – August 2024
– August 2024 Scottsdale Housing Market Video – Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of August. August 2024 – Video Scottsdale Active Listings The number of homes on the market edged up slightly in August, after several months of decreasing inventory. We […]
7 Mistakes to Avoid When Hiring a Contractor
A recent survey found that more than half (52%) of American homeowners have a renovation project planned this year.1 If you’re among them, you know that embarking on home improvements can be both exciting and daunting. According to the survey, the median renovation budget is around $15,000, so you’re probably investing a significant amount—and you’ll […]
Scottsdale AZ Single Family Home Sales – August 2024
– August 2024 Scottsdale Homes for Sale and Home Sales – Sales activity for the Scottsdale housing market more or less trended down as we experienced seasonality combined with higher home prices and interest rates. – Single-family homes for sale – Orange Line – The number of homes on the market at the end of […]
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a […]
Scottsdale AZ Luxury Home Market – July 2024
– Scottsdale Luxury Home Market Performance for July 2024 – The month of July was another decent month for this market segment. While we are seeing slower activity overall in the single-family home market, luxury homes in Scottsdale and Phoenix are still posting strong sales numbers. We did see a drop in new contracts in […]
How Mortgage Rate Changes Impact Your Homebuying Power
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact your monthly mortgage payment and therefore how much you can afford, and you want to factor that into your planning. Here’s what you need to know. What’s Happening with Mortgage Rates? Mortgage rates have […]
Phoenix and Scottsdale AZ Luxury Condo Sales – July 2024
Luxury Condo Sales in Scottsdale and Phoenix – July 2024 Here is our monthly report on the sales activity of luxury homes in Scottsdale and Phoenix. Each of these homes had an asking price of $1 million or more. Unlike the single-family home market where we are generally seeing slower sales activity, the luxury condo […]
