Month-over-month increase in asking Scottsdale home prices of 0.8% was in line with the average monthly gain over the past year
The growth of Scottsdale home prices, both the quarter-over-quarter and year-over-year, are lower than they were 12 months ago, but wages are not keeping up. This word according to data released from Trulia for July 2014.

The month-over-month increase in asking Scottsdale home prices of 0.8% was in line with the average monthly gain over the past year, settling back down after a 1.2% month-over-month gain in June. The quarter-over-quarter increase of 2.5% remains below the level of last spring's price spurt, when the quarter-over-quarter increase was 3% or higher in March through June 2013.

Scottsdale Home Prices Continue Widespread Increases

Although Scottsdale home prices aren't rising as fast as they did in spring 2013, price increases continue to be widespread with overall year-over-year price gains, and quarter-over-quarter gains.

Nationwide, for the first time in more than two years, none of the 100 largest U.S. metros had a year-over-year price increase above 15%. The stagnation of wages and household income, though, shows that as Trulia states, incomes aren't keeping pace with even slowing price gains.

Why are home prices in some areas rising faster than others, and why are some actually falling? Because the housing market is still recovering from the bust, and local markets where prices had fallen most are now seeing larger price gains. That's the "rebound effect," which was fueled by investors and other home buyers scooping up relative bargains. Once those bargains are gone, there's no more room to rebound.

We're already seeing gains in Scottsdale home prices slow dramatically or even reverse slightly in some isolated locations.

Stay abreast of all the news affecting Scottsdale home prices right here at our website. More articles regarding Scottsdale housing can be found in the Scottsdale Real Estate section, or the Scottsdale Real Estate News section, both to your right under Scottsdale Real Estate Categories.

We are your #1 resource for updated listings, investment properties, houses, townhomes, condos, waterfront estates, golf course property, and vacant land and properties in Scottsdale, Arizona and the surrounding cities. Searching for Scottsdale, Arizona real estate and cities surrounding Scottsdale is just a click away. Click the "Search for Scottsdale Real Estate" link at the top or bottom of this page to start searching now.

If you're currently selling a Scottsdale home, or just considering selling, one thing you need to remember: You don't get a second chance to make a good first impression. That's why you must watch your curb appeal, and make sure you kick it up a notch to stand out in the neighborhood drive-by.

Even if your budget is limited, there are still some things you can do to increase the perceived value of your home so potential buyers aren't turned off before they even get to see the inside of your Scottsdale home…

For more tips on selling a Scottsdale home, check out our other articles and information at the Scottsdale Home Selling Tips link to your right under Scottsdale Real Estate Categories.
 
We are your #1 resource for updated listings, investment properties, houses, townhomes, condos, waterfront estates, golf course property, and vacant land and properties in Scottsdale, Arizona and the surrounding cities. Searching for Scottsdale, Arizona real estate and cities surrounding Scottsdale is just a click away. Click the "Search for Scottsdale Real Estate" link at the top or bottom of this page to start searching now.

With so many economists and analysts trying to spell gloom and doom for the future of Scottsdale housing, Altos Research is saying otherwise.

Altos is saying that housing recovery critics are wrong about Scottsdale housing. According to Altos, it's going to soar in 2015.

Scottsdale housing is expected to soar next year, according to Altos Research
"While we see signs of demand easing, we are significantly more bullish on housing than many of the recent headlines seem to suggest," said Altos CEO Michael Simonsen. "Based on our models, we're forecasting another year of home price appreciation, with a 7% home price increase for the year of 2015."

Some Experts Call for Scottsdale Housing Prices to Depreciate

Single-digit appreciation is a remarkable prediction. Many other experts anticipate depreciation in the Scottsdale housing market, so the Altos call is relatively noteworthy.

What's driving the negative stand most of the market holds? The report blames the media.

So what is the main driver for the Altos view that prices will rise 7%? Altos expects inventory to climb another 10%.

As inventory and transactions rise along with pricing, participants in the Scottsdale housing market stand to benefit broadly. In addition, the number of days on market remains low compared to before the housing bust, indicating a seller's market.

In a seller's market, sellers can list homes at a higher value, hoping a buyer takes the bait. If not, they can also bring down the price closer to market value, while appearing to offer a sales compromise to the buyer.

Altos estimates that approximately 35% of properties will take such a price cut. Altos sees this as an indicator of strong competition, despite weaker demand overall.

The Scottsdale housing market continues to require a more nuanced view of its future.

Home prices across the U.S. are poised for a fifth consecutive year of recovery. The market is still faced with low inventory and demand, buoyed by an expanding economy, which, among other factors, remains healthy. Both supply and demand conditions are moving from extreme bullish conditions to more sustainable healthy conditions.

Stay abreast of all the news affecting Scottsdale housing right here at our website. More articles regarding Scottsdale housing can be found in the Scottsdale Real Estate section, or the Scottsdale Real Estate News section, both to your right under Scottsdale Real Estate Categories.

We are your #1 resource for updated listings, investment properties, houses, townhomes, condos, waterfront estates, golf course property, and vacant land and properties in Scottsdale, Arizona and the surrounding cities. Searching for Scottsdale, Arizona real estate and cities surrounding Scottsdale is just a click away. Click the "Search for Scottsdale Real Estate" link at the top or bottom of this page to start searching now.

The Scottsdale housing report for June from Case-Shiller and FHFA are out and show that both existing home sales and new home sales were down, even though prices were up. Inventory is also on the rise and that should continue to dampen price pressures for people looking to buy a home.

Rick Sharga, EVP at Auction.com talks about the latest housing numbers and what it means going forward…

Find more articles about buying Scottsdale housing under the Scottsdale Real Estate Categories to your right.

We are your #1 resource for updated listings, investment properties, houses, townhomes, condos, waterfront estates, golf course property, and vacant land and properties in Scottsdale, Arizona and the surrounding cities. Searching for Scottsdale, Arizona real estate and cities surrounding Scottsdale is just a click away. Click the "Search for Scottsdale Real Estate" link at the top or bottom of this page to start searching now.

Reasons buying a Scottsdale home now is a smart move
Thinking of buying a Scottsdale home? You may be better making the decision sooner rather than later!

If you qualify for a mortgage and choose not to buy now, you will be kicking yourself a year from now.

Thanks to very low inventory, Scottsdale home prices are projected to increase by 6.3 percent through April 2015, according to a recent study by Corelogic, a leading global property information, analytics, and data-enabled services provider.

Just how much could that increase cost you? More than you might think. On a $300,000 house today, the same house will cost you $318,000 a year from now.

4 Reasons Why Buying a Scottsdale Home Now is a Smart Move

#1 – Buying a Scottsdale home will only become more expensive because of low inventory and rising demand. With a shortage of housing and rental units available, Scottsdale housing prices and rents have increased, leading to affordability issues. The good news is that this supply and demand issue will solve itself once more housing units are built to accommodate the population growth and young families looking at buying a Scottsdale home. The bad news is that it could take a while, and prices will climb until then. So now might be a good time to buy, before prices peak.

#2 – Buying a Scottsdale home will certainly cost more, even if prices don't increase, because of the Fed planning to taper off bond-buying in October. The Fed is now buying $25 billion per month, down from $85 billion at the peak. The end of the program, which was aimed to keep interest rates low, is expected to result in higher interest rates, and any increase in interest rates could create even less favorable conditions for buyers.

Rising rates can have just as big an impact on affordability as does rising prices due to low housing inventory. When mortgage rates increase, borrowers experience greater difficulty qualifying when they are wanting to buy.

While you've already missed the bottom of the market with home prices, interest rates are still very low. Don't risk rates going up, which can ultimately cost you big on your home's price tag.

#3 – Buying a Scottsdale home will continue to become less affordable due to the current economy's flat wages. If home prices continue to increase, housing could in theory become less affordable if your take-home pay doesn't keep up with its growth. Can you afford to wait?

#4 – Buying a Scottsdale home now rather than later will have you beating others to the punch who procrastinate and wait til later to buy. The pent-up demand of younger professionals, who moved back in with their parents during the recession, is about to explode. And as these young people move out and form new households of their own, they will drive up housing demand.

While the competition helps the overall home values in the area, it also inflates prices to the point where buying Scottsdale homes is no longer affordable for a large percentage of potential home buyers. It's only expected to get worse as more and more young professionals feel ready to buy, so it's a smart move to buy now and avoid the potential price gouging altogether.

Stay abreast of all the news that affects buying a Scottsdale home right here at our website. More articles can be found in the Scottsdale Real Estate section, or the Scottsdale Real Estate News section, both to your right under Scottsdale Real Estate Categories.

We are your #1 resource for updated listings, investment properties, houses, townhomes, condos, waterfront estates, golf course property, and vacant land and properties in Scottsdale, Arizona and the surrounding cities. Searching for Scottsdale, Arizona real estate and cities surrounding Scottsdale is just a click away. Click the "Search for Scottsdale Real Estate" link at the top or bottom of this page to start searching now.