The rising tide of home prices in the United States has prompted a scramble for answers, and one factor often thrust into the spotlight is the influence of Airbnb short-term rentals. This contentious issue resonates strongly in the housing markets of Scottsdale and Phoenix, Arizona. While these rentals seem the apparent culprit behind housing shortages, […]
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August 30, 2023
Current Events,
Economy,
Scottsdale Lifestyle,
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Seller Tips,
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June was a little low with single-family New Home sales, but July bounced back with a 4.4% jump upwards! Median sale prices took a 12.1% dip from the high last year, which is certainly good news for Buyers. Existing home sales were slightly down, retreating by 2.2% from June to July. Why, you ask? The […]
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August 28, 2023
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Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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Lifestyle,
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In the ever-changing world of economics, the Federal Reserve, commonly known as “the Fed,” plays a crucial role as the United States central bank. It is responsible for safeguarding financial stability, managing inflation, and promoting maximum employment. But why should real estate enthusiasts care about the Fed’s actions? Let’s explore this integral component of the […]
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July 27, 2023
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Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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Brace yourselves, renters! In an astonishing turn of events that has sent shockwaves of relief across households in the United States, the latest report unveils a groundbreaking revelation – median rent prices in the country dipped in May compared to the same month last year. This extraordinary development marks the first time in three years […]
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June 28, 2023
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Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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Lifestyle,
Seller Tips,
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The U.S. housing market is grappling with a pressing issue—plummeting inventory levels that have hit their lowest point in over a decade. This alarming trend, fueled by the lingering impact of the COVID-19 pandemic and high mortgage rates, has created a crisis for homebuyers and sellers. This article will delve into the factors contributing to […]
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June 21, 2023
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Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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In a surprising move, the Federal Reserve chose to keep its benchmark interest rate steady at approximately 5.1%, providing a sigh of relief for borrowers across the nation. This decision follows a series of 10 consecutive rate hikes to combat high inflation. The Federal Reserve’s decision suggests their confidence that the significant increase in borrowing […]
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June 15, 2023
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Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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The real estate industry has always been a dynamic marketplace known for its ebbs and flows. The latest trend, however, indicates a more significant shift, pointing to a potentially more challenging and unforgiving market. Recent data from the National Association of Realtors reveals an alarming development: more than 60,000 agents have withdrawn from the sector […]
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June 3, 2023
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Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
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Lifestyle,
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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 […]
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May 3, 2023
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Economy,
Scottsdale Lifestyle,
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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 […]
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March 22, 2023
Current Events,
Economy,
Scottsdale Lifestyle,
Scottsdale Luxury Real Estate,
Metro Phoenix Luxury Real Estate,
Lifestyle,
Seller Tips,
Buyer Tips,
Market Updates,
All About Real Estate
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