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 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 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 […]
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 […]
Pre-qualification is one step you can take to make your home buying process go a little bit smoother. That is why one of the first items of business to get squared away when you are in the home buying process is: financial pre-qualification. Some people might think this is only relevant if you are planning […]
Water is precious, especially in arid regions like Scottsdale, Arizona. Over the years, the city has carefully managed its water supply to ensure a reliable and sustainable source for its citizens. Before the mid-1980s, Scottsdale relied heavily on groundwater for its water needs. However, a concerted effort has been made to diversify its sources, resulting […]
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