In the coming months, it’s important to watch for softening prices, as both averages and medians have slipped year-over-year, creating more negotiating power for buyers. Inventory levels continue to climb, offering more choices and putting pressure on sellers to price competitively. With mortgage rates holding steady, the key question is whether demand will keep pace […]
In the coming months, it’s important to watch whether strong buyer demand continues, with sales up 9% year-over-year even as prices hold flat. Inventory remains tight at just 2.73 months, but rising Expireds and Cancelled properties show that sellers who overprice may struggle to find buyers. With mortgage rates steady around 6.27%, the market’s direction […]
The Federal Reserve just lowered its benchmark interest rate by 25 basis points (0.25%). For many homeowners across Metro Phoenix, the headline feels like déjà vu. After all, lower rates fueled some of the hottest years in Arizona real estate during the early 2020s. It’s natural to wonder if this slight shift signals the start […]
Scottsdale’s housing market is shifting, and the next few months will be key for both buyers and sellers. Average sales prices dropped 7% in August, and price per square foot continues to ease, creating opportunities for strategic buyers. While inventory dipped slightly, we’re still sitting at a six-month supply, a historically high level that gives […]
The Metro Phoenix housing market is shifting as we move into fall, with average home prices down 15% and price per square foot dipping to $347. While inventory rose slightly in August, the market still holds over five months of supply, giving buyers more leverage and keeping sellers competitive when pricing their homes. Meanwhile, mortgage […]
For months, buyers, sellers, and investors have been watching the Federal Reserve’s next move, anticipating a probable cut in the Fed Funds rate. The hope is simple: lower rates mean cheaper mortgages and a reinvigorated housing market. However, the situation is far more intricate. Even if the Fed decides to cut, the reduction in mortgage […]
For years, the conventional wisdom has been simple: the Federal Reserve cuts rates, mortgage costs fall, and home prices rise. But there’s a growing body of evidence, and a very different framework from economist Richard Werner, suggesting the causality runs the other way. If you buy Werner’s argument that interest rates follow the economy instead […]
1. Consumer Price Index (CPI) – Phoenix Metro Area Implication for real estate: 2. Employment & Unemployment Trends Unemployment Rates Job Market Momentum Implication for real estate: 3. How These Factors Intersect in the Phoenix Real Estate Market Here’s how CPI and employment trends are playing out on the ground: Summary Snapshot Final Takeaway In […]
In the coming months, it’s important to watch for how long elevated inventory levels persist, especially in the $1M+ range, where buyer activity has slowed significantly. If mortgage rates begin to ease, pent-up demand could return quickly, tightening supply and firming up prices. For now, buyers have a strategic window of opportunity, but that balance […]
In the coming months, it’s important to watch for signs of renewed buyer activity if mortgage rates begin to ease from current levels. Inventory remains elevated, but softening prices, especially in the mid-to-luxury tier, may not last if demand picks up. Buyers currently have the upper hand, but that window could narrow quickly with any […]
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