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…

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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…

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