The end goal of a property transaction is for both the buyer and seller to come together and say yes to both the price and terms of an offer. It’s very uncommon for either party to be completely satisfied or feel like they’ve achieved the perfect deal, because such a thing does not exist! There […]
As the cost of living continues to soar, the need for affordable housing has reached a critical point. A new proposal offers hope by restricting rent increases to at most 5% annually. The plan, which calls on Congress to pass a law that would withdraw tax credits from landlords who exceed this limit, targets landlords […]
Given the 6% decrease in sold listings and the 18% increase in inventory, the Scottsdale housing market may face short term pressure on transaction volumes in the coming months. However, the significant 11% rise in the average sales price and the increase in the average price per square foot indicate strong market values. With mortgage […]
The Metro Phoenix housing market experienced a notable shift in the 2nd Quarter of 2024, as the number of sold listings decreased by 7% and inventory shifted significantly by 24%. Yet despite the decrease in transactions, the average sales price climbed by 3%. Given these numbers, we may continue to see pressure on transaction volumes […]
Avoid the trap of mind games during the negotiation stage. Stay calm, professional, and rational throughout the discussions to put your best foot forward. If your offer isn’t accepted, do not become too discouraged! Some markets are extremely competitive, and you have to be respectful of your budget. There will be another property you love […]
In a significant development for potential homebuyers, mortgage rates have recently seen a downward trend. This shift could bring positive news for the housing market in 2024. Today, the average 30-year fixed mortgage interest rate is 7.00%, marking a slight decrease of 0.02% compared to the previous week. On the other hand, the 15-year fixed […]
The answer is no! Someone might think it’s amazing that their home listing was viewed by thousands of people, but in reality that metric is meaningless if none of those online viewers are interested buyers. When selling your home, one of the biggest obstacles you face is making sure your listing gets seen by the […]
In a much-anticipated announcement, the Federal Reserve decided to keep its key interest rate unchanged while signaling just one rate cut expected before the end of the year. This decision, revealed after the two-day Federal Open Market Committee (FOMC) meeting, may not be as aggressive as some had hoped. However, it could potentially stimulate economic […]
Your vacant home may feel like one less thing to take care of, but leaving a property unoccupied can lead to significant risks and potential liabilities. Most typical homeowner policies won’t provide full coverage for the property once it’s been vacated. Vacant home insurance is a specialized type of insurance policy designed to protect properties […]
Despite a 13% decrease in sold properties, the average sales price increased modestly by 1%, while the average price per square foot remained stable, indicating consistent pricing dynamics. The rise in available homes for sale suggests a shift toward a more balanced market. However, with interest rates dropping below 7% and the Scottsdale home selling […]
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