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Scottsdale Housing Market Expected to Improve

August 1, 2011 by Carmen Brodeur

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 homes in scottsdale azwill 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 Corp. also stated that despite record levels of homebuyer affordability and historically low mortgage rates, households were concerned about their financial futures and as a result were delaying making major purchases including buying real estate.

The rental housing market showed the clearest signs of a turnaround with the apartment property price index showing a 15.2 percent gain over the year through the first quarter of 2011.

Frank Nothaft, Freddie Mac’s vice president and chief economist said “Following June’s labor market report, households are naturally concerned about their financial futures, which is being reflected in the housing market. Yet, the single-family market will likely improve over the balance of 2011, in keeping with positive [gross domestic product] forecasts for the United States.”

If you have any questions about Scottsdale real estate market trends please contact me. I am happy to review the statistics of Scottsdale homes for sale with you.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

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Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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