Golf Communities have always been one of the most popular choices as both primary and vacation residences, but when the pandemic happened, people became more interested in buying condominiums in gated golf communities and leaving the city life. People started prioritizing privacy and security. Living in a golf community made them have both and get to enjoy the outside lifestyle and clean air. It’s a buyer’s market in golf communities across Phoenix, Arizona. But before you jump into an investment, you must take some things into consideration. Buying a condominium in a gold community requires more than reading the fine... View Article
Are you looking for a New Build Luxury Condo near Phoenix, Arizona with spectacular view of Camelback Mountain? The Ascent at The Phoenician has released its luxury mountainside condominium residences and our team will help you get the best offer! The Camelback Residences at Ascent were named after the timeless beauty of Camelback Mountain that represented the epitome of luxury living in Scottsdale. This iconic mountain is ideal for those who seek adventure and wonder. The Camelback Residences is developed by Replay Destinations and is an exclusive collection of modern condominium residences with two intimate buildings featuring a total... View Article
There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates. Higher rates had the immediate impact of dampening homebuyer affordability and demand. But this year, we’re seeing further repercussions. While analysts expected listing inventory to swell as sales declined, instead, homeowners have been pushing off plans to sell because they feel beholden to their existing, lower mortgage rates. So what impact is this reduced demand and low supply environment having on home values?... View Article
Greater Phoenix Losing 246 Listings per Week in 2023 Prices Recovering, Median Up to $425K in May For Buyers: The sharp decline in supply for Greater Phoenix is a good reason for buyers to have a sense of urgency about purchas-ing a home. Since the beginning of 2023, supply counts have been declining at an average rate of 246 listings per week and since the peak in October, total supply is down 42%. At this rate, the effects of the massive supply surge last year will be erased and the year-over-year change will be negative within 6 weeks. In fact,... View Article
It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder to snag these days, as investors and downsizers muscle out first-timers by offering stronger, often cash-heavy bids.2 In fact, according to the National Association of Realtors, only 26% of last year’s homebuyers were first-timers—the lowest share on record and down from 34% a year prior. This underscores just how steep a hill new buyers... View Article
