"Jobs week" (JOLTs, ADP, Challenger etc.) has so far delivered a very consistent message - hiring is slowing and layoffs are rising. We know that rate cuts will start on September 18. Will we get a 25 or 50 basis points? Mortgage rates much lower With increasing signs that the jobs market is weakening, bond … [Read more...] about What’s Up With Real Estate This Week?
Real Estate
What’s Up With Real Estate This Week? August 16th, 2024
Inflation (CPI) continued to ease in July, and average 30-yr mortgage rates approached 6.5%. That's already spurring a renaissance in refinancings (for people who bought in the last few years); can a recovery in homebuying activity be far behind? There's a lot to talk about! Much lower mortgage rates … [Read more...] about What’s Up With Real Estate This Week? August 16th, 2024
Scottsdale Homes for Sell UNDER $600K!
What’s Up with Real Estate This Week? January 19th, 2024
With the spring/summer selling season just around the corner, there are many reasons to be optimistic. Mortgage rates have already dropped, the Fed is likely to start cutting short-term rates in the next few months, and even home inventory is starting to improve. I'd love to chat about your real estate plans for … [Read more...] about What’s Up with Real Estate This Week? January 19th, 2024
What’s Up With Real Estate, This Week? January, 5th 2023
Happy New Year! 2023 was a challenging year, but 2024 is already looking better for both buyers AND sellers. Mortgage rates have dropped 150 basis points, and the Fed could begin cutting short-term interest rates in the next few months. National Real Estate News As we move into a new year, I wanted to … [Read more...] about What’s Up With Real Estate, This Week? January, 5th 2023
NEW $1B “The Parque” Scottsdale Project Approved!!
Following an extensive review process, the Scottsdale City Council has granted approval for a visionary $1 billion mixed-use development named "The Parque," spanning 32 acres on the former site of the CrackerJax amusement park along north Scottsdale Road. The Parque The project envisions a diverse array of structures, … [Read more...] about NEW $1B “The Parque” Scottsdale Project Approved!!
What’s Up with Real Estate This Week? December 8th, 2023
More presents under the tree! Encouraging inflation and jobs data has helped push average 30-yr mortgage rates down to near 7%. In addition, the inventory of homes for sale has continued to rise. Improving affordability AND availability? What a nice change for buyers! Inventory gets interesting The number … [Read more...] about What’s Up with Real Estate This Week? December 8th, 2023
What’s Up with Real Estate This Week? – December 1st, 2023
The holiday season is delivering early gifts to would-be buyers. Average 30-yr mortgage rates have dropped nearly 1% in the last month, and inventory levels are climbing. That said, home prices continue to rise across the country, with the Case-Shiller national home prices index already up 4.6%. Mortgage … [Read more...] about What’s Up with Real Estate This Week? – December 1st, 2023
