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
2015 is strong so far for sales of luxury Scottsdale golf homes
If you’re wondering if this is a good time to buy that luxury Scottsdale golf home you’ve had your eye on, maybe this new market data will help. According to the Cromford Report, the current 2015 sales for homes $2,000,000 and over is the best it’s been in eight years. In the last 15 years, only 2005, 2006 and 2007 performed better in the first 30 weeks of the year than 2015. Since 2005-2007 were the peak years before the high foreclosure supply and tight lending issues of 2008, current market research is often Continue Reading
