by South Scottsdale Homes | Sep 19, 2023
For Buyers: When first-time home buyers talk to their parents or grandparents about today’s mortgage rates, they may get a response similar to, “I purchased my first home in the 80’s at [insert range of 10%-18% interest here].” In fact, some carry their high mortgage... 
by South Scottsdale Homes | Aug 16, 2023
For Buyers: Not a lot of changes are happening in the housing market right now. It’s as if both buyers and sellers are in a holding pattern awaiting a sign before making a move. Conventional mortgage rates have held steady in the high 6% and low 7% range for nearly 3... 
by South Scottsdale Homes | Jul 16, 2023
For Buyers:While many professionals tout appreciation as the main benefit of homeownership, higher mortgage rates bring another tool into the equation that hasn’t been promoted in well over a decade. That is the mortgage interest tax deduction. This deduction hasn’t... 
by South Scottsdale Homes | Jun 19, 2023
For Buyers: Last month we reported that the year-over-year supply change will be negative within 6 weeks, and at that time supply was 80% higher than the previous year. Now 5 weeks later, supply is only 3.7% higher than last year’s count and is expected to be below... 
by South Scottsdale Homes | May 16, 2023
For Buyers: The sharp decline in supply for Greater Phoenix is a good reason for buyers to have a sense of urgency about purchasing a home. Since the beginning of 2023, supply counts have been declining at an average rate of 246 listings per week and since the peak in...
Recent Comments