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 […]
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 […]
Despite a 13% decrease in sold properties, the average home sales price increased by a solid 7%, while the average price per square foot declined, 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 MetroPhoenix home […]
The current real estate market in Scottsdale can be succinctly described as “subdued.” Despite low sales volumes and distress levels near historic lows, stability prevails. A notable shift in prices seems unlikely in the near future, dampening hopes of significant price reductions. The trajectory hints at a gradual move towards balanced market conditions, tempering expectations […]
The current real estate market in Metro Phoenix can be succinctly described as “subdued.” Despite low sales volumes and distress levels near historic lows, stability prevails. A notable shift in prices seems unlikely in the near future, dampening hopes of significant price reductions. The trajectory hints at a gradual move towards balanced market conditions, tempering […]
In the intricate dance of economics, few partners are as closely watched as the Federal Reserve. The Fed’s decisions send ripples across global markets, influencing everything from stocks to currencies. Therefore, when the Federal Open Market Committee (FOMC) recently announced its decision to maintain interest rates, it was a moment of collective relief for many […]
In today’s tumultuous housing market, the dream of owning a spacious home with a sprawling backyard seems more elusive than ever. With skyrocketing prices and limited inventory, many Americans find themselves reevaluating their housing options. Enter the resurgence of an old concept: Tiny Homes. In a move that reflects the dire state of housing affordability, […]
In Quarter 1, 2024, Scottsdale saw a 1% increase in Sold properties compared to Quarter 1, 2023, yet Average Sales prices increased by 9%. Despite this, Inventory rose, offering homebuyers more choices and bargaining power. As we enter Quarter 2, our seasonally strong period for sales, attention turns to potential rate cuts by the Federal […]
In Quarter 1, 2024, Metro Phoenix saw a 6% drop in Sold properties compared to Quarter 1, 2023, yet Average Sales prices increased by 13%. Despite this, Inventory rose, offering homebuyers more choices and bargaining power. As we enter Quarter 2, our seasonally strong period for sales, attention turns to potential rate cuts by the […]
In 2023, the real estate market in Arizona delivered unexpected challenges for home-flipping enthusiasts. According to a report by ATTOM, a prominent real estate data analysis authority, there was a 29.3 percent decrease in the flipping of single-family homes and condos compared to the previous year. This downturn represented the most significant annual drop since […]
See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
