New Fannie Mae Condo Rules: What Scottsdale Owners Need to Know

Quick Answer: Fannie Mae rolled out big changes to condo financing rules in 2026. The biggest one raises the required HOA reserve fund from 10% to 15% of the annual budget, starting with loans dated January 4, 2027. Lenders also dropped the "Limited Review" shortcut starting August 3, 2026, so most Scottsdale condo buildings now go through a full review. If you own or want to buy a condo here, these changes could affect your HOA dues, your closing timeline, or both.

What Changed in Fannie Mae's Condo Lending Rules for 2026?

Fannie Mae buys or guarantees a huge share of home loans in this country. When it changes its condo rules, lenders everywhere have to follow along. On March 18, 2026, Fannie Mae published Lender Letter LL-2026-03 (see below…

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Buying or Selling in Scottsdale? Watch These 5 Numbers

WHAT ARE THE 5 IMPORTANT NUMBERS TO WATCH FOR THE CURRENT SCOTTSDALE REAL ESTATE MARKET?

Quick Answer: Scottsdale's housing market runs on five numbers: inventory, days on market, price reductions, months of supply, and mortgage rates. Right now, Scottsdale has about 2,208 single-family homes for sale, and homes take a median of 73 days to sell. Nearly 52% of active listings have had a price cut. Together, these numbers tell you whether it's a buyer's market or a seller's market, and what to expect if you list or buy this year.

These five number valuations are for any market, anywhere in the United States. The actual numbers in this post reflect Scottsdale real estate. 

What's the Current Inventory in the Scottsdale Housing Market?

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How to Buy a Home in Scottsdale: A Step-by-Step Guide

What is The Real Homebuying Process?

Quick Answer: Buying a home in Scottsdale comes down to four stages: building a plan, getting preapproved, touring and making offers, then closing. Scottsdale's median sale price sits at $954,429, and homes are averaging about 43 days to go under contract, according to Redfin and Zillow data from mid-2026. Most first-time buyer mistakes happen before anyone steps foot in a house, not after. With roughly 4.1 months of housing supply on hand, Scottsdale is running close to a balanced market right now, not tilted hard toward buyers or sellers.

Buying your first home in Scottsdale, Cave Creek, Carefree, or North Phoenix feels like a lot at once. It doesn't have to be. Once you know the four stages and what…

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Home Buying Red Flags: The Ones That Are Actually Opportunities (And the Ones That Aren't)

Not Every Red Flag Means Run: A Scottsdale Buyer's Guide to Spotting Real Problems

Buying a home does something funny to people's brains. You'd think the hard part is finding the right place, but for a lot of buyers, the real emotional rollercoaster starts the moment the inspection report lands in their inbox.

Suddenly, a small roof leak becomes a catastrophe. A little mold in the bathroom feels like the house is uninhabitable. And instead of asking the seller to fix the obvious stuff and negotiating on the rest, some buyers just walk. I've seen people lose a home they genuinely loved over a $400 repair because the inspection report scared them into thinking the whole thing was falling apart.

The inspection isn't there to talk you out of…

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The Buyer's Advantage Nobody's Talking About: How to Use Seller Concessions

Seller Concessions Explained: Closing Cost Help, Rate Buydowns, And Repair Credits

If you’ve been watching home prices and interest rates and thinking, “How is anyone buying right now?”, here’s a little bit of good news. A huge share of sellers are tossing in extras to help buyers make the numbers work. We’re not talking about free throw pillows. We’re talking real money.

Recently, sellers gave some kind of concession in just under half of U.S. home sales. That’s a record-high share for the month of May. In plain English, almost one out of every two sellers is offering some financial help to get their home sold.

If you’re buying, that’s a big deal. The trick is knowing what those concessions actually are, why sellers are doing this, and how…

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Chicago to Scottsdale: The Honest Guide From a Prior Chicagoan

So You're Thinking About Trading Chicago Winters for Scottsdale Sunshine?

Let's be real for a second. If you've ever stood on a Chicago street corner in February, wind ripping through your coat like it has a personal grudge against you, and thought "there has to be a better way," you're not alone. Thousands of Chicagoans make the move to Scottsdale, Arizona every single year, and most of them will tell you the same thing: they wish they'd done it sooner. Illinois is among the top 10 states from which residents move to Arizona.

But moving from one of America's biggest cities to a desert resort town is a big deal. It's not just a change of address. It's a completely different way of living. So before you start packing boxes and Googling "how to…

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Sitting on the Sidelines: The Hidden Price of Waiting for Better Housing Markets

Should You Wait for Housing Prices to Drop? Here's What the Numbers Actually Say

A lot of people are doing the same thing right now: sitting tight, watching the housing market, and hoping prices will eventually come down enough to make buying feel reasonable again. It's an understandable impulse. Nobody wants to overpay for the biggest purchase of their life. But here's the thing—Oxford Economics, one of the most respected economic research firms on the planet, just crunched the numbers on how long that wait might actually take.

Their answer? Seven years.

That's not a casual estimate or a wild guess. Oxford Economics does economic modeling for governments and major financial institutions worldwide. When they say housing affordability won't…

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Buying a Home in Scottsdale? Don't Skip the Roof

Of all the things that can quietly wreck a home purchase in Arizona, the roof is at the top of the list. It is also the part of the home that most buyers spend the least time thinking about during a showing.

That makes sense. You walk in the front door, you look at the kitchen, you check the backyard, you imagine your furniture in the living room. You do not climb a ladder. You do not crawl into the attic. And the listing photos rarely tell you anything useful about what is happening above your head.

But in Scottsdale, the roof is doing more work than almost any other part of the house. Triple-digit summers, intense UV exposure, and monsoon storms wear roofing materials down faster here than in nearly any other market in the country. A roof that…

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The May Scottsdale Update: Big Projects, Local Events, Creepy AI & More

May is shaping up to be one of those months where there’s a little bit of everything going on—and we’re here for it.  From the growing influence of women in today’s housing market to a packed calendar of Cinco de Mayo celebrations, there’s no shortage of energy around Scottsdale right now. We’re also diving into big local developments like The Parque project, catching up on headlines in The Scottsdale Scoop, and taking a look at a fascinating (and slightly eerie) conversation around AI’s expanding role in our lives.

The Rise of Women Homeowners

I grew up with my family in a single-family home. My parents purchased their first house for $8,000, and they lived with my Mom’s parents to save up the cash.

I was 23 when my husband and I…

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The Solo Homebuyer Reshaping Real Estate Happens to Be a Woman

No Partner, No Problem: Single Women Are Buying Homes at Record Rates

The face of today's typical homebuyer might surprise you. For a long time, the idea of buying a house was wrapped up in this very specific picture: a couple, probably married, pooling two incomes together to afford a down payment and split a mortgage. That image has been plastered across real estate ads and financial advice columns for generations. But real life in 2024 looks a lot different, and the actual data on who's buying homes right now tells a story that almost nobody saw coming.

I have to go back to around 1985. I was getting divorced and wanted to get my own place. I was told by multiple people (all men) that no one would give a mortgage to a single woman. I proved…

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