Scottsdale Blog

Scottsdale Real Estate Market Summary for July 2011 Although we didn't see the record-breaking sales numbers of June, July had plenty of positive news for market watchers. However, just as we discussed last month, pricing is one important exception to July’s positive results.  No doubt much will be made of that by the housing doom folks, but we all know that pricing is a trailing indicator that is not always ...

Scottsdale homeowners and residents can possibly look forward to an old West theme park in at 94th Street and Bell Road in North Scottsdale.  The park will be a $48 million project and will resemble a 1880s town. Similar in some ways to the previous Rawhide western town which was in Scottsdale for many years. The park will be designed to entertain and educate visitors about the American West. Approximately ...

The following information is from The Partridge Partners Newsletter. It is a rather pessimistic view of what is happening in the Phoenix and Scottsdale real estate markets. However, I am always open to hearing both sides of every story, so I am presenting it in its unedited form. In metropolitan Phoenix, two-thirds of all residential mortgages are underwater. Of these, some 200,000 are 50% larger than the current market value ...

It is common in Scottsdale AZ and elsewhere in the country for home owners who bought their homes in 2007 or later to over price their homes when trying to sell it. Those sellers often think they missed the worst of the Scottsdale real estate crash. They often think they can sell for an amount similar to what they paid for it. That is simply not the case in the ...

The Arizona Regional Multiple Listing Service hosted an event recently with several residential and commercial Phoenix real estate experts. Over 170 people attended the event at the Camelback Inn. The consensus of the experts was that the Phoenix and Scottsdale real estate markets will rebound by 2013 or 2014. Experts included ARMLS CEO Bemis and Michael Orr, creator of the Cromford Report. Both have in-depth local real estate knowledge on ...

Freddie Mac issued its U.S. housing market report last Monday and said that the housing market is unlikely to experience a “double-dip” setback. In the July U.S. Economic and Housing Market Outlook, Freddie Mac said that housing likely will follow the performance of the overall economy for the rest of 2011. The number of home sales are expected to exceed last year’s numbers by 3-5%. The Federal Home Loan Mortgage ...