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News reports make us think that home buyers have vanished. However, the pool of buyers and the demand remain the same in all markets. What changes is the supply of homes which either motivates buyers to buy now or wait. Buyers act when they see a perception of value. For example, if a property with a market value of $600,000 was offered for $500,000, there would be a large number of anxious buyers bidding up for that property. What does this mean for sellers? When the supply of homes increases, prices need to go down to attract the pool of buyers.
What does this mean for buyers?When the supply of homes is larger, bargains are available when you have me to negotiate for you.
Whenever you need real estate advice or additional market insights, I am always ready to assist with my real estate expertise. For questions feel free to contact me.
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Scottsdale News
| East Valley Tribune - Scottsdale News |
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Deputies investigating murder-suicide
Maricopa County Sheriff’s Office deputies are investigating a murder-suicide at a home in the northeast Valley, near 61st Street near Dixileta Drive.
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Collector car auction is weeklong extravaganza
Where can you check out the first Ford Thunderbird, a 1929 Tri-Motor airplane and a mechanical giant capable of gobbling up both of those venerable vehicles?
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Firefighters put out apartment blaze
Scottsdale firefighters were dispatched to an apartment fire about 3 a.m. in the 9800 block of North 73rd Street, according to fire officials.
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Scarp: Heading off into the Scottsdale sunset
SCENE: Dawn of New Year's Day in the McDowell Sonoran Preserve. The growing light causes a mutual moan from both William Tell and the 'Zona Ranger, two men with nothing in common except a theme song each claims as his. The night before they took part in a once-and-for-all-who's-the-toughest drinking contest that turned out, well....
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Scottsdale Museum of the West pushed back a year
Completion of the Scottsdale Museum of the West, which had been scheduled to coincide with the centennial celebration of Arizona statehood in 2012, will be delayed by up to a year because of the faltering economy, city officials say.
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