Recently, I posted an article about why we aren't going to see a "bubble" in real estate.  Thinking back on this post, I did not include two VERY important Financial Reasons how homeowners are in much better position financially than they were in 2008.  During that time right before and during the housing recession, homeowners were oftentimes NOT in good financial positions.In the current financial marketplace, homeowners have a LOT of EQUITY.   If a homeowner bought a home prior to 2015, even 2016, they may have a LOT of equity to tap into in case of emergencies. Unlike the upside down market days when home owners owed more on their homes than they were worth, today's home owners are in far better shape.Many have been in their homes long enough to improve their FICO SCORES as well.   T... 05/18/2022

Here is the most recent Scottsdale AZ Real Estate Housing Market Report for April 2022:  Scottsdale's average sales price continued to increase, going from $1,441,096 in March to a new all-time high of $1,498,732 in April. This is the third increase in a row after January started off the new year with a decrease in the average sales price. It is also a good sign for 2022 considering that the average sales price of Scottsdale homes had decreased in 6 out of the last 8 months prior to the increase in February.At the same time, the average sold price per square foot for Scottsdale homes increased from $464/sf in March to $477/sf in April. The average sold price per square foot in Scottsdale has increased or remained the same in 21 out of the last 22 months. After decreasing for three strai... 05/19/2022

Real Estate Market Update for the Desert Highlands luxury home community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Highlands in North Scottsdale, ArizonaMay 16, 2022 Weekly Update Active listings decreased to 7 homes. Average sale price per square foot increased to $593.15/SqFt. Average sale price as % of list price increased to 104.35%. Average sale price increased to $2,633,150. Highest priced home sold in past 6 months was for $4,275,000. Number of homes sold in past 6 months increased to 20. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 April 2022 vs April 2021 Monthly Update Active listings decreased 31.96%. Months supply increased... 05/16/2022

Real Estate Market Update for the McDowell Mountain Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     McDowell Mountain Ranch in North Scottsdale, ArizonaMay 16, 2022 Weekly Update Active listings increased to 18 homes. Average sale price per square foot increased to $442.14/SqFt. Average sale price as % of list price decreased to 103.45%. Average sale price increased to $1,178,734. Highest priced home sold in past 6 months was for $4,135,000. Number of homes sold in past 6 months increased to 103. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 April 2022 vs April 2021 Monthly Update Active listings decreased 31.96%. Months s... 05/16/2022