In the coming months, Metro Phoenix’s single-family home prices are projected to experience a modest increase, with inventory potentially tightening as holiday season listings typically slow. While mortgage rates currently average 6.88%, mortgage bankers expect gradual declines in the months ahead, which could offer some relief for buyers looking to enter the market. – Grant […]
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 […]
Despite the Federal Reserve’s recent reduction of the federal funds rate by 50 basis points in September 2024, mortgage rates have unexpectedly risen. Here’s an expanded look at why mortgage rates have increased recently despite a federal funds rate cut. We’ll also delve into how the upcoming 2024 election, with its potential to influence economic […]
The process of picking an agent is a bit like dating: you want to ensure you get along with the person, feel comfortable, and can openly communicate with them. If you don’t feel that way about your realtor, keep searching! Having a good relationship will make the whole journey more productive and fun. While we […]
Thinking of Buying a Home on Your Own? This is called self-representation, where there is no REALTOR® involved on one side of the transaction. The homebuyer or home seller is choosing to represent themselves throughout the transaction process. There are a few major pain points to self-representation. With self representation, it can be easy for […]
Phoenix, Arizona, a city known for its expansive growth, warm desert climate, and vibrant downtown, is facing an escalating challenge that is reverberating across the region—mass homelessness. In 2024, the homeless population has swelled to alarming levels, affecting not only the individuals experiencing homelessness but also the city’s neighborhoods, local businesses, and significant events, particularly […]
The home selling process involves getting vulnerable with yourself and acknowledging: 1) why you are selling your house and 2) that you are prepared to undergo the home selling process. The process of buying and selling a home involves a major monetary and emotional commitment, so make sure you are in a place where you […]
Barrett-Jackson, the renowned collector car auction house based in Scottsdale, has long made the Phoenix Valley a hotspot for car enthusiasts with its annual January auction at WestWorld of Scottsdale. Now, the company is introducing a new and unique event to the automotive calendar-the Scottsdale Fall Auction. From October 10-13, the highly anticipated Scottsdale Fall […]
The 4% decrease in the number of sold listings indicates a cooling in transaction volume for Scottsdale’s housing market in our 3rd Quarter. However, the 12% rise in average sales price along with a 15% increase in inventory, suggests that home values continue to grow. Even still, buyers are coming off the sidelines. This dynamic […]
The Metro Phoenix housing market experienced an 8% decline in sold listings in its 3rd Quarter, despite a record-breaking $32 million sale in Paradise Valley. The marginal 1% decrease in average sales price to $998,183, and stabilization of the price per square foot at $362 reflect resilient property values amidst softening demand. A 30% increase […]
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