The recent 5% increase in SOLD listings to 275 units has impacted the real estate market, but not like you’d think. The rise in available Scottsdale homes for sale hasn’t led to a significant price shift, with the Average Sales Price declining by 8% to $1,412,191. Additionally, the 7% decrease in mortgage rates to 7.41%, […]
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 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 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 […]
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 […]
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