by South Scottsdale Homes | Oct 22, 2021 | Uncategorized
For Buyers: The housing supply shortage is still in full swing, and there is online speculation that the end of forbearance may be the source of relief as some homeowners may need to sell. According to Black Knight, the national number of mortgages in forbearance has...
by South Scottsdale Homes | Oct 15, 2021 | Uncategorized
CoreLogic released their Home Price Index report for August, showing that home prices rose by 1.3% from July and 18.1% year over year, which is a notch higher than the 18% annual gain reported in July. Within the report, the hottest markets were Phoenix (+31%), San...
by South Scottsdale Homes | Oct 5, 2021 | Uncategorized
Here are the basics – the ARMLS numbers for October 1, 2021 compared with October 1, 2020 for all areas & types: Active Listings (excluding UCB & CCBS): 7,649 versus 8,101 last year – down 5.6% – but up 11.3% from 6,873 last month Active...
by South Scottsdale Homes | Sep 14, 2021 | Uncategorized
For Buyers: Buyer demand has rallied sharply over the past 4 weeks, which is unusual for this time of year. The rally is exclusively between $400K-$800K, spiking nearly 20% in contract activity since the end of July. We have to wait until the transactions close and...
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