by South Scottsdale Homes | Jan 18, 2022 | Uncategorized
For Buyers:As the cost of purchasing a home increases in Greater Phoenix, the question of whether to rent or buy becomes harder to answer for some buyers. The overall median cost of a home is currently $425,000, and for a typical 1,500-2,000 square foot home,...
by South Scottsdale Homes | Dec 17, 2021 | Uncategorized
For Buyers: Does anyone know what a normal, or balanced, housing market looks like anymore? In Greater Phoenix, the supply and demand indices have only come together twice in the past 21 years to form a balanced market. First from 2000-2003, then again from...
by South Scottsdale Homes | Nov 12, 2021 | Uncategorized
For Buyers: ‘Tis the season for 2022 projections in the housing market and, as expected, there are conflicting opinions among national housing analysts. Zillow and Goldman Sachs predict home values will rise nationally 14-16% between now and the end of 2022. CoreLogic...
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...
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