If you've been reading local Scottsdale real estate articles in the news, you might notice that there are morelady reading scottsdale real estate news price reductions right now and longer days on market.  There are fewer Scottsdale homes for sale that go under contract in 24 hours.

What other agents are saying

I belong to several real estate groups on Facebook.  Some people think the market is simply evening out and heading towards a more normal cycle.

Others feel it's just a summer lull, especially as more people are getting vaccinated and traveling for the first time in a year or more.  People feel safer getting out and are enjoying doing more things in their own towns besides grocery shopping.  They want to get out and do things after being stuck at home for so long.

Another…

230 Views, 0 Comments

aqua cubs with percentage marks

There has been a lot of attention on the current trend of both increasing home prices and mortgage rates. Some of the attention has been due to arguments over whether house prices should drop when mortgage rates rise. That all seems logical, but this is rarely the case for reasons which we will discuss in the next section.

Shouldn't Scottsdale Real Estate Prices Decrease if Interest Rates Increase?

The theory of home prices decreasing is typically discussed by those people who are looking for a home to purchase. If you are a homebuyer, you like to think you are getting a good deal by paying more for a home, and you should be able to see a decrease in price somewhere else as well. Unfortunately, there are several causes for home price increases…

119 Views, 0 Comments

A road in an Arizona desert with large green cacti and a blue sky

House shopping can be a wonderful experience, especially if you are not in a rush and can have some fun browsing and visiting all your potential dream homes. However, for those moving between states who cannot physically be present for viewings, it can be somewhat challenging and stressful. If you are buying a house in Arizona remotely, you will need some guidance and help from experts in the field.

Where to begin?

You have taken the first step and chosen Arizona as your destination—good for you. If you have already decided on a specific city or area, one of the most complex parts is over. Whether your relocation is a joyous occasion or a necessity, it is bound to cause anxiety. Like with any big undertaking, it is a good idea to start planning…

147 Views, 0 Comments