Scottsdale real estate 2024 forecast

The world of real estate is in constant flux; therefore, it is imperative for anyone looking to buy a home or sell a home to know the current real estate market. As we enter the year 2024, it is essential for both buyers and sellers to be able to understand the market and know their options. This article will give you a snapshot of the current real estate market and what it can mean to you as a buyer or a seller.

I've been working with many real estate buyers who didn't take advantage of the low rates of 2021 and before. At the time, they weren't upset about the mortgage interest rates, but they were shocked by the quickly rising prices. I've had buyers in 2022 who said they would wait until 2023 when they felt prices would plummet. A few potential…

473 Views, 0 Comments

Updated national and Scottsdale real estate market 2023

As we are at mid 2023, it is becoming ever more important for people in the real estate market to stay up-date on current trends. With that said let's have a better look at what potential changes could be seen over the rest of the year with respect to home prices and overall housing conditions.

The Federal Reserve has been increasing interest rates to tackle inflation. This decision is actually making a big impact on how affordable and in-demand homes are for homeowners. So, what does this mean for the real estate market in the future? Let's find out what's in store for the coming months and years!

In this blog post you will find all of these details along with some other factors that may influence how well your real estate investment(s) fare in…

435 Views, 0 Comments

media newsroom causing declining scottsdale real estate market

I made a post on Active Rain (a popular real estate blogging site with agents from all over the world) about Scottsdale homes for sale - current supply and demand.  I put the following chart on that post showing factual information from April of last year to April of 2009.  I did not make this chart myself - I copied it from a program that I utilize that gets the data from our MLS (multiple listing service).  It is not easy to read here since I had to shrink it down to fit in this blog.  But even without reading the numbers, you can see how many homes are up for sale (red) compared to those with contracts (blue) or that have already sold and closed (green).  As of today, there are 332 Scottsdale homes for sale and this chart was compiled a few days…

1212 Views, 0 Comments