As we dive head first into quarter two of 2016, it’s a good time to take a look at quarter one and see where Arizona golf homes and the Arizona real estate market stand. According to trusted source the Cromford Report, 1,538 new homes were added to the ARMLS during 2016’s first quarter. That is 26% more homes listed this year than in 2015’s first quarter. When you take these stats and compare them to the number of distressed sales in March, we see that all cities in the Phoenix metropolitan area had less than Continue Reading
Do interest rates affect home prices in Scottsdale and elsewhere?
Many people think the answer to this questions is an obvious “yes.” In fact, most people think that when interest rates rise, home prices fall. While this seems logical upon first glance, it’s more like incomplete logic. The fact is that home prices and interest rates tend to stick together on the upward or downward trend. One reason people may think higher interest rates would lead to lower home prices is the assumption that fewer people would be able to afford and qualify for mortgage loans at a higher Continue Reading
