In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending higher than the 29% to 32% average in past years since 2012.” (See graph below):
Why the rise in first-time homebuying? NAR continues to say: “The major factor is, arguably, low mortgage rates. As of the week ended July 16, the 30-year fixed mortgage rate … (2 comments)
The gap between the increase in personal income and residential real estate prices have been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates. Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has … (1 comments)
luxury real estate scottsdale: Females Invest in Real Estate Making It a Priority
- 11/24/18 10:11 AM
Females invest in real estate - Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single. According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of Realtors, one in five homebuyers in the U.S. were single females … (1 comments)
luxury real estate scottsdale: Scottsdale Real Estate House Hunting Tip for Today’s Market
- 05/03/13 06:06 AM
The real estate market is ever-changing. Compared with not so long ago, that's a good thing for many real estate markets. If you are ready to buy a home in today's market, you need to take note of recent changes that may affect your home-buying power. “Inventory is down, interest and prices on the rise” Buying a home in our local market today is not just about finding a home in the best condition in a great location for an affordable price. Smart home purchasers today require a deeper knowledge of the economy, the local market and new regulations. We can … (0 comments)
luxury real estate scottsdale: Roosevelt Dam Gives Arizona Life
- 04/04/12 02:01 AM
Roosevelt Dam Gives Arizona Life Here's a fun fact for everyone. The Theodore Roosevelt Dam, located northeast of Phoenix, Arizona is 357 feet high and impounds the Salt River creating Theodore Roosevelt Lake. It is the first major reclamation project in the West. Before the dam was built, settlers would often leave during a drought season. Since its completion in 1911, the dam has provided a reservoir of life-preserving water for central and southern Arizona and continues to play an integral role in Arizona's growth. Without it, most of the area would be just an arid desert. Much of the beauty … (0 comments)
luxury real estate scottsdale: Why Invest in Scottsdale Real Estate?
- 08/11/11 10:10 AM
Voted among the nation's top ten most desirable places to live, Scottsdale boasts for its dynamic and vivacious atmosphere. Scottsdale is a great place to visit, and do business in. With numerous national and international companies present, attracting investors and job seekers is nothing new to this progressive city. The growing population of the city is evidence that people are taking notice of what seems to be a mesh of beauty and opportunity that only Scottsdale can offer. Scottsdale is aesthetically located in the beautiful Sonoran Desert, in the eastern part of Maricopa County. Scottsdale is bordered by Phoenix to … (0 comments)
luxury real estate scottsdale: The Allure of Scottsdale Real Estate
- 05/24/11 08:48 AM
If you are looking for a unique and beautiful home, you should put Scottsdale at the top of your destination list. Scottsdale real estate offers an amazing combination of great pricing, attractive surroundings, and first class amenities. The current economic conditions have made buying a home more attractive than ever. Buyers can find some of the best homes for sale at unbelievable prices. Scottsdale is a wonderful place to live. Whether you are relocating here, or you are interested in buying a vacation home, Scottsdale offers a great opportunity for you. Scottsdale real estate comprises luxury homes, modern condominiums, and single … (0 comments)
If you are a judicious buyer who is searching for luxury real estate, Scottsdale, Arizona is just the right place for you. Scottsdale is known all over the world for its luxury real estate, catering to those with refined tastes and superior expectations. Scottsdale luxury real estate is incredibly wide. From vacation homes, high-end estates, modern-urban condominiums, and single family homes, there is so much to choose from. Plus, luxury real estate in Scottsdale is renowned for providing magnificent scenery, world-class golf courses, top-of-the-line resorts and spas, and state-of-the-art health centers to their occupants for enjoying … (0 comments)
luxury real estate scottsdale: Record-setting residential sale --$100 million!
- 04/05/11 01:08 PM
Record-setting residential sale --$100 million!Russian billionaire buys Silicon Valley home Luxury housing market showing signs of recovery (April 5, 2011) -- In a transaction which set a record for most expensive U.S. residential sale ever, Russian billionaire Yuri Milner (who heads Digital Sky Technologies) has reportedly paid $100 million for a 25,500-square-foot Los Altos Hills (CA) home which was not even listed for sale. This record-setting sale is just one indication that the wealthy have opened their wallets and are shopping for homes again Nationally, the million dollar and above housing market rose 4% in February year-over-year as luxury buyers snapped … (0 comments)
luxury real estate scottsdale: Finding Luxury Real Estate in Scottsdale Can’t Get Easier Than This
- 03/01/11 05:03 AM
Finding Luxury Real Estate in Scottsdale Can't Get Easier Than This Scottsdale AZ is very popular with home buyers. Its great year-round weather, has lively and vibrant arts and cultural communities, friendly and warm people, world-class dining, and shopping are to name but a few factors that attract people from all across the globe to Scottsdale. However, another key reason why a large number of interested home buyers come here is the presence of lucrative luxury real estate in Scottsdale. Scottsdale has some of the finest luxury homes. The city has exquisitely designed homes covering vast expanse of area built against … (0 comments)
luxury real estate scottsdale: Don't Overlook Tax Breaks Associated with Mortgages
- 02/08/11 07:20 AM
Don't Overlook Tax Breaks Associated with Mortgages Most homeowners who have taken out a mortgage probably already know of the tax advantage provided by deducting your mortgage interest payments. However, many homeowners overlook another tax break available for points paid to get a home loan. In some cases, points also could shave tax bills for folks who refinanced or got an equity loan or line of credit. Every mortgage point is one percent of the loan amount. Lenders charge points as a way to make a profit, and borrowers generally pay points in exchange for lower mortgage rates.If you obtained a … (1 comments)
luxury real estate scottsdale: A Few of 2010's Top Real Estate Sales in U.S.A.
- 01/08/11 01:52 AM
A Few of 2010's Top Real Estate Sales in U.S.A. These are luxury real estate properties that sold in 2010. There are more expensive homes that are currently on the market. One of those is the Spelling Manor that is on the market at $150 million, followed by Tranquility and Versailles - each at $100 million. Will they eventually get their price? Who knows. But, as we conclude 2010, here are some homes that sold for top dollar in 2010 in the U.S., according to Zillow data:
1. Le Belvedere - Bel Air, CA (above)Original list price: $85 millionSold price: $50 … (2 comments)
luxury real estate scottsdale: Why invest in Scottsdale real estate?
- 01/03/11 09:36 AM
Why invest in Scottsdale real estate? Scottsdale real estate is ideal for anyone looking for a profitable investment opportunity, a comfortable home, or a vacation home. It is a beautiful city located in the eastern part of Maricopa County, Arizona, United States. Described as a desert version of Miami's South Beach, the vibrant and colorful life of Scottsdale attracts both the young and the old. For the younger generation, Scottsdale has a variety of high-end nightclubs, restaurants, hotels, lounges, bars, shopping centers and fashion boutiques. Apart from this, the city has a large number of art galleries, studios, indoor and … (0 comments)
luxury real estate scottsdale: Seeking Luxury Real Estate in Scottsdale?
- 12/20/10 05:18 AM
Seeking Luxury Real Estate in Scottsdale? The sale of Scottsdale based luxury real estate properties are increasing. This is due to the reduction in market prices driven by the current economy and the bank owned homes currently on the market. These distressed sales have helped to move the prices down. Some buyers like to start their property search in Scottsdale Arizona with bank owned properties but they should include all the homes that meet their criteria because traditional sales can be as good or better than some of the bank owned home properties. Scottsdale luxury real estate sales have seen a … (0 comments)
luxury real estate scottsdale: Maricopa County Arizona Market Watch - Good News!
- 12/10/10 02:39 AM
Maricopa County Arizona Market Watch - Good News! ASU Economist Lee McPheters is predicting that "2011 will be the best year that Arizona has seen since the recession." According to McPheters, data indicates that Arizona is currently the fastest growing job market for private sector jobs and that Phoenix is second only to Washington D.C. for job growth in large cities nationally. Additionally, Arizona is forecast to have a better economy in 2011 than just about any other state in the West, and Arizona, California and Texas are expected to have the fastest population growth. We had the opportunity this week … (1 comments)
luxury real estate scottsdale: Luxury Valley Homes Team Wishes You Happy Holidays
- 12/04/10 01:41 AM
Luxury Valley Homes Team Wishes You Happy Holidays Wishing all the happiest of holidays, from the members of the Luxury Valley Homes Team of Keller Williams Arizona Realty. It's with humble gratitude that we owe this years success to our client's. We look forward to a lifetime relationship that's built on trust, professionalism, and friendship. Thanks to all the REALTORS® across the United States and Canada that honored us by giving us a referral to their valued client that was moving to this area. We are gratefull for your confidence in our team to take care of these VIP referals. May your holidays be filled … (1 comments)
luxury real estate scottsdale: Is The Phoenix Real Estate Sale Over
- 12/03/10 09:51 AM
Is the Phoenix real estate sale over? As we are all aware, Phoenix has been on sale for the past few years, but is it possible that the sale may be ending? Obviously, it will take some time for many home owners to return to home equity, but it appears that the steep decline in prices could be nearing a conclusion. Many forecasters have speculated for the past several months that we are currently bumping along the bottom of the Phoenix market and the sale slashed prices could be leveling off. If level of year over year decline is any indicator, … (1 comments)
luxury real estate scottsdale: Happy Thanksgiving
- 11/24/10 07:26 PM
Happy Thanksgiving On this Thanksgiving 2010, we are thankful for our family, our home, our friends and the liberty we enjoy as a citizen of the United States of America. A heart felt thanks to all those serving in the military and especially those serving in harms way that are away from their families as they serve us. Thanks to you all and may you have a Blessed Thanksgiving. . … (1 comments)
luxury real estate scottsdale: Foreclosure Myth Buster 4 of 4
- 11/22/10 08:51 AM
Foreclosure Myth Buster 4 of 4 If you're looking for a deal, you're looking for a foreclosure. Despite what they may say, no buyer's heart's fondest desire is to buy a foreclosure. But almost every buyer dreams of buying a great home and getting a great deal on it. Many people think that to get a great value on their home on today's market, it means they must buy a foreclosure. As a result, the value and other advantages of buying an individually-owned home on today's market are frequently overlooked. Individual sellers with homes on the market right now are generally … (0 comments)
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