The Scottsdale housing market for July 2023 indicates a decline in sold listings and average sales prices for the 2nd consecutive month, with an increase in inventory. However, U.S. property values are up in all regions except for the West and Mountain, which serve as lead indicators for market trends. It remains to be seen […]
The Metro-Phoenix housing market for July 2023 indicates a decline in sold listings and average sales prices for the 2nd consecutive month, with an increase in inventory. However, U.S. property values are up in all regions except for the West and Mountain, which serve as lead indicators for market trends. It remains to be seen […]
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 […]
In June 2023, the housing market in Scottsdale had a solid performance, benefiting home sellers. Overall, these statistics reflect a resilient housing market in Scottsdale during June 2023. The lower number of sold listings, adjusted average sales price, increased inventory, and slightly higher mortgage rates are all indicative of a favorable environment for home sellers. […]
Despite a moderate decrease in the number of sold listings, June 2023 proved to be a solid month for home sales in Metro Phoenix. Overall, June 2023 demonstrated positive indicators for home sales in Metro Phoenix, favoring home sellers. The market showcased resilience, with an increase in average sales prices and a decrease in available […]
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 […]
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 […]
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 […]
The ultra-luxury market in Metro Phoenix is witnessing a surge, with sales experiencing a staggering 15% increase month over month. We are seeing multiple offers on properties as buyers scramble to secure the most desirable housing options. The lack of well-maintained properties serves as a contributing factor to the decrease in the average sale price. […]
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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