With the dramatic change in the real estate market in the past 5 weeks, it is interesting to review the current number of homes under contract in Scottsdale. And then to compare it with the high's and low's of the past 14 years. The olive green line shows the number of homes under contract in 2008, which was the year with the lowest number of contracted … [Read more...] about Scottsdale Home Listings – Under Contract April 2020
Time for a little office cleaning in preparation for selling your home? Be safe and shred your personal documents at the City of Scottsdale's "Shred It" event. Location: Walmart parking lot, 15355 N. Northsight Blvd. Date & Time: Saturday, December 7th, 7-10 a.m. Details: Bring your personal and/or commercial documents. Cost is $4 per … [Read more...] about Scottsdale Paper Shredding Event, 12/7/2019
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade … [Read more...] about This is Not 2008 All Over Again: The Mortgage Lending Factor
Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.” Buyers clearly have the … [Read more...] about Buyer Demand Growing in Every Region
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the … [Read more...] about Homeownership Rate Remains on the Rise
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging … [Read more...] about 75 Years of VA Home Loan Benefits
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few … [Read more...] about Forget the Price of the Home. The Cost is What Matters.
Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re already well aware that you’re among a … [Read more...] about Millennials: Here’s Why the Process is Well Worth It.