There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates. Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further […]
Market Conditions
What Does the Rest of the Year Hold for the Housing Market?
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is […]
Scottsdale AZ Luxury Home Market – January 2010
Below is a look at January 2010’s home sales activity for the Scottsdale AZ luxury home market. This report covers sales activity for single-family resale homes in Scottsdale priced at $1,000,000 and above over the last 12 months. – January 2010 – Scottsdale Homes Priced Between $1,000,000 – $1,499,999 – Actives: There were 366 […]
Highlights from the SRP 2010 Economic Forecast – Phoenix AZ
Last week, I attended the annual SRP Economic Forecast at the Arizona Biltmore resort in Phoenix. There were two keynote speakers – Lee McPheters, who looked at the forecast from an Arizona perspective and Don Reynolds who came at it from a national and international perspective. There were a lot of great points made and […]
Scottsdale AZ Luxury Home Market – August 2009
Here are the results for August 2009 and the Scottsdale AZ luxury home market. For this analysis, luxury homes are defined as single-family resale homes in Scottsdale priced $1,000,000 and above. August saw mixed results for the various price points. It was a particularly difficult month for homes priced over $2M. Sales and pending sales […]
Scottsdale Single-Family Home Sales -August 2009
August 2009 for Scottsdale AZ homes for sale, was another strong month in terms of pending sales (up 3.8% over July) and inventory decreases (down 1.1% over July), but sales were off for the second month in a row – off 15.8% over July. August 2009 Findings Active Homes for Sale: At the end […]
What Is the State of the Mortgage Industry?
I have a guest columnist for this post. Steve Smith of Eagle Home Mortgage in Scottsdale, Arizona put together an informative overview on what is going on with the mortgage industry during these volatile times. ======================================================================== What Is the State of the Mortgage Industry? There has been much written of late regarding the general state […]
Scottsdale Real Estate Market Performance for Single-Family Homes- Through March 2008
Every month, I look over the previous month’s active, pending and sold data to see if I can identify any trends in the Scottsdale single-family existing-homes market. I look at it from a global perspective as well as a “price band” perspective. March’s information uncovered some promising-looking trends when compared to previous months. Here is […]
