- December 2024 Scottsdale Housing Market Video - Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of December. December 2024 - Video    Scottsdale Active Listings  Active listings fell at the end of December. We see this happen seasonally since some sellers take their homes off of the market for the holidays and many listing contracts expire at the end of the year. We saw a drop of 17.9% in listings between November and December. However, inventory was up 10.5% when compared with December 2023.  Average List Price for Scottsdale Homes  I used to use median listing price data, but I no longer have accurate access to that information. Instead, I will track average listing prices. (Technically, the median price is a bet... 01/17/2025

 - December 2024 Scottsdale Homes for Sale and Home Sales - With the end of the year, we tend to see a little flurry of activity as people are trying to get things done before the new year. We also see inventory decrease as people take their homes off of the market for the holidays and many listing contracts expire on December 31st.For this report, we track four sales metrics related to Scottsdale's housing market:  - Single-family homes for sale - Orange Line - The number of homes for sale at the end of the month. - Under contract, but accepting backup offers (UCB)* - Gray Line - How many UCBs there were at the end of the month.- Pending home sales* - Yellow Line - The number of pendings at the end of the month.- Home Sales - Blue Line - The number of home sales over the course of the ... 01/17/2025

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and your terms. However, a myth about credit scores may hold some buyers back.The Myth: You Need To Have Perfect CreditAccording to Fannie Mae, only 32% of potential homebuyers have a good idea of what credit score lenders require.That means two-thirds of buyers don’t know what lenders are looking for – and most overestimate the minimum credit score needed.The Reality: Perfect Isn’t NecessaryBut the truth is, you don’t need perfect credit to become a homeowner. To see the average score, by loan type, for recent homebuyers check out the graph below:There is no set cut-off score across the board. As FICO explains:“While many lenders use ... 01/14/2025

01/13/2025