In contrast to the positive trend in Scottsdale, the Metro Phoenix real estate market experienced a 28% decrease in SOLD listings, totaling 303 units. This decline in sales has contributed to a 9% decrease in the Average Sales Price, which now stands at $958,526, leading to a lower Average Price Per square foot of $373. […]
If a buyer has the financial liquidity, they may choose to pay for a home in cash and forgo mortgaging the home. The process for paying for a home in cash works a little bit differently. The main thing to note is that: Instead, you can request a letter from your financial institution that states […]
Want to know the fastest way to sell your house? Price your home correctly! The price greatly impacts your ability to sell your home quickly and efficiently. If a property is priced even slightly higher than the predicted trading range, you are doing yourself a disadvantage in the selling process. Something to note: when a […]
The mortgage rate forecast for 2023 has taken many by surprise, with rates staying higher for longer than initially expected. As of early November, mortgage rates have hovered at nearly 8%, defying earlier predictions of a gradual decline throughout the year. This unexpected turn of events has left prospective homebuyers and sellers wondering about the […]
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 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 answer is simple: have your finances in order! In a hot real estate market, you have to bring a strong offer to the table when you are ready to buy. When a seller accepts an offer, they are trusting you in good faith that you have the means to complete the sale, and having […]
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 […]
How do you compare homes when no two properties are exactly the same? It’s true that real estate pricing can be tricky because no two homes are created equal. In other industries, pricing is more standardized because the product is a commodity that is universally the same everywhere you go. In real estate, you’ll quickly […]
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 […]
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