The month of April saw demand outpacing supply, shifting focus away from interest rates as the main driver of the market. The balance between supply and demand has shifted in favor of sellers since mid-November, indicating the market correction that caused a major slow down in the fourth quarter of 2022. With all this said, […]
The month of April saw demand outpacing supply, shifting focus away from interest rates as the main driver of the market. The balance between supply and demand has shifted in favor of sellers since mid-November, indicating the market correction that caused a major slow down in the fourth quarter of 2022. With all this said, […]
On Wednesday, the Federal Reserve raised interest rates by a quarter percentage point, concluding a 14-month campaign to combat persistent inflation. However, experts believe this may be the final rate hike for the foreseeable future, as a weaker job market and slowing economic growth introduce new uncertainties in the banking sector. The Fed’s statement omitted […]
The Scottsdale real estate market experienced a slowdown in sales activity in March 2023, with a decrease in the number of sold listings and the average sales price. The inventory of properties available for sale increased significantly, which may indicate that buyers have more options to choose from. Additionally, mortgage rates increased in March 2023, […]
Overall, the Metro Phoenix real estate market saw some mixed results for March 2023, with a decrease in the number of sold listings and the average sales price. While the increase in inventory may provide more opportunities for buyers, mortgage rates remain in the mid 6’s. In the words of Dave Ramsey, buy the home […]
Every once in a while, it’s good to shake things up, get out of town, and explore a new city. One of the easiest road trip spots that all Phoenix natives should take the time to visit is Payson, Arizona. Payson is especially charming in the spring and summer months when you can make the […]
The recent collapse of Silicon Valley Bank and Signature Bank has complicated the Federal Reserve’s decision to announce a 0.25% increase in the target federal funds rate. These two failed banks have made the decision to hike interest rates more complex. Silicon Valley Bank was forced to sell a bond portfolio at a loss due […]
The market continues to improve for sellers. Sold properties are up 34% over January 2023; this increase is much more positive than the industry expected in the fourth quarter of 2022. The contract ratio for all areas & types has risen above 60% as of March 1st, showing signs of a market heating up again. […]
The market continues to improve for sellers. Sold properties are up 34% over January 2023; this increase is much more positive than the industry expected in the fourth quarter of 2022. The contract ratio for all areas & types has risen above 60% as of March 1st, showing signs of a market heating up again. […]
When the desert starts turning green and the wildflowers begin to bloom it can only mean one thing… Spring is almost upon us! With that, it is time to start planning your Easter and springtime celebrations over the next month and make the most of these beautiful warmer days. Professional Photos with the Easter Bunny […]
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