The Tidal Wave of Institutional Home Buying: A Glimpse into the Future If you seek evidence of a financial system favoring the wealthy and disempowering the average citizen, look no further than the residential real estate market. A startling prediction by MetLife Investment Management indicates that by 2030, institutional investors might control 40% of U.S. […]
The decrease in the number of sold listings by 3% to 265 units, along with the luxury market continuing to keep a steady pace, has had a noticeable effect on the market. This shift contributed to a 14% increase in the Average Sales Price in October, consequently raising the Average Price Per Square Foot to […]
The 2% decrease in the number of sold listings to 416 units, along with the luxury market continuing to hold a steady pace, has impacted the Metro Phoenix market dynamics. This decline contributed to a 3% decrease in the Average Sales Price, while the Average Price Per square foot remained steady at $376 per square […]
The real estate market has been experiencing a whirlwind of changes recently. October 2023 brought a surprising trend that caught the attention of homeowners, buyers, and real estate experts alike. As mortgage rates reached their highest levels in 23 years, sellers across the United States were forced to make significant price reductions, marking an all-time […]
The real estate market in the United States is constantly in flux, with cities experiencing varying price fluctuations. In this article, we will focus on Scottsdale, Arizona, and its housing market trends. While the overall picture may seem rosy, there’s a hidden story beneath the surface that points to a more complex situation. Scottsdale’s Rising […]
As Arizona continues to attract new residents at an astonishing rate, the state’s housing shortage has reached crisis levels. The allure of Arizona’s quality of life, low cost of living, favorable climate, and simplified tax structure has led to a significant influx of people and businesses. However, this population growth has not been met with […]
The world of mortgage rates is a complex web of economic indicators, policy decisions, and global events. One recent event that has notably impacted mortgage rates is the Israeli-Hamas conflict. This article will explore how this conflict affects mortgage rates and why investors seek safer assets, such as mortgage-backed securities, leading to lower rates for […]
A growing number of sellers are becoming more flexible with their initial asking prices. Recent reports indicate that in September, approximately 9.2% of home listings experienced a reduction in their listed prices. This trend is increasingly creating opportunities for prospective buyers, provided they can overlook the impact of interest rates. The market boasts a higher […]
A growing number of sellers are becoming more flexible with their initial asking prices. Recent reports indicate that in September, approximately 9.2% of home listings experienced a reduction in their listed prices. This trend is increasingly creating opportunities for prospective buyers, provided they can overlook the impact of interest rates. The market boasts a higher […]
There’s good news in the Scottsdale housing market: the Average Sales Price has risen by 1% to a comfortable $1,362,950, equating to a $451 Average Price Per Square Foot. Additionally, inventory has decreased to 3.83 months’ worth of properties for sale, signaling a move toward a balanced market. While mortgage rates have hovered above 7%, […]
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