Every mortgage rate conversation in the Valley sounds the same right now. Buyers are waiting on the Fed. Sellers are waiting on the Fed. Local news is waiting on the Fed. It’s as if one meeting in Washington sets the price of every home from Old Town to Desert Mountain. It doesn’t. And if you […]
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For nearly two years, anyone driving Loop 101 through north Scottsdale got used to barrier walls, lane shifts, and weekend closures timed around the WM Phoenix Open. That phase is over. ADOT and the City of Scottsdale have widened Loop 101 between Princess Drive/Pima Road and Shea Boulevard by one general-purpose lane in each direction, […]
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I want to talk about something I have been watching for several months something that is showing up in my conversations with buyers, in sellers’ behavior, and in the competitive intelligence I get from firms across the Valley. The data is just now confirming what experienced agents have been feeling since early spring. The housing […]
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For 35 years, the Arizona Cardinals called Tempe home. That changed when the franchise broke ground on a $200 million, 217-acre performance center and headquarters at Paradise Ridge, sitting west of Scottsdale Road and just north of the Loop 101, on the doorstep of North Scottsdale’s most prestigious neighborhoods. Owner Michael Bidwill purchased the land […]
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Kevin Warsh held his first press conference as Federal Reserve Chair this afternoon. Markets did not like what they heard. The Dow dropped over 500 points. The S&P fell more than 1%. Two-year Treasury yields jumped 16 basis points to the highest level in over a year. The dollar surged. Gold cratered. And if you […]
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Not long ago, the mood across both Wall Street and Main Street felt cautious. A pullback in the stock market, driven by global tensions and unsettling headlines, shook confidence. Even here in Arizona, where winter doesn’t bring snowstorms, the season still has a way of slowing momentum. The holidays linger, travel picks up, and many […]
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Lately, the headlines have been hard to ignore: escalating conflict overseas, rising oil prices, and a stock market that feels increasingly unpredictable. At first glance, these issues may seem disconnected from your local housing market. But they’re not. There’s a direct line between global uncertainty and real estate activity, and it runs through one critical […]
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There’s a quiet shift underway in today’s market, and if you’re watching closely, you can feel it. Ongoing geopolitical uncertainty has taken a bit of the edge off the stock market. Not a collapse, just enough movement to matter. And when investment accounts pull back, even modestly, it creates a psychological ripple that extends beyond […]
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Shutterstock via Igors Homenko
Military conflicts rarely stay confined to the regions where they begin. Even when fighting occurs far from U.S. borders, the economic and emotional aftershocks can reach American households quickly, and real estate is often one of the first places those effects are felt. With rising tensions involving Iran, we’re already seeing movement in oil prices, […]
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ShutterStock via Yalcin Sonat
The Federal Reserve announced it would maintain its benchmark interest rate following its first policy meeting of 2025, keeping borrowing costs at their current levels as policymakers assess inflation trends and economic growth. Fed officials cited persistent, though moderating, inflation as a key factor in their decision. While inflation has come down significantly from its […]
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