Page 1

AUGUST 2021


“When you have a void of information, emotion tends to drive decision making. . . .” Mark Hackett

Chief of Investment Research Nationwide


Year-Over-Year Price Appreciation Percentages Are Accelerating

10%

10.4%

January 2021

February

11.3%

March

15.4%

13%

April

May CoreLogic


Housing Bubble? Risky Loans


“There are marked differences in today’s run up in prices compared to 2005, which was a bubble fueled by risky loans and lenient underwriting. Today, loans with high-risk features are absent and mortgage underwriting is prudent.” Dr. Frank Nothaft Chief Economist CoreLogic


$376B

Mortgage Originations with < 620 FICO Score $74B

2006

2020 Fed


“These outsized increases have raised concerns that a home price bubble is emerging. However, conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.” State of the Nation’s Housing 2021 Joint Center of Housing Studies at Harvard University


Housing Bubble 868.7 900 800 700

Historical Data for the MORTGAGE CREDIT AVAILABILITY INDEX

600 500 400 300

Today 129.9

200 100 0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Today

MBA


Housing Bubble? Mortgage Debt & Affordability


2007 4Q Housing Bubble

1991 1Q

6.22%

1980 1Q

7.21%

1998 4Q

5.46%

4.38%

TODAY

Household Debt Service Ratio for Mortgages as a Percentage of Disposable Personal Income

3.45%

Total quarterly required mortgage payments divided by total quarterly disposable personal income.

1980

TODAY Fed


“Looking back at the bubble years, house prices exceeded house-buying power in 2006 nationally, but today house-buying power is nearly twice as high as the median sale price nationally… Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further house price growth in the months to come.” Mark Fleming Chief Economist First American


197

Housing Affordability Index 1990 to Today

186

176 169

172 164

168

166 167 162 158

158

148

138 131 122

108

110

133 128

127 125 126

131

128 122

131 126

124 115

113

Years when distressed properties dominated the market

108

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Today

NAR


Affordability Continues To Decrease 186 171.3

175 155.8

January

February

March

April

151.7

May NAR


Housing Bubble? Absolutely Not! It’s a Supply & Demand Issue


“The main driver of the housing shortfall has been the long-term decline in the construction of singlefamily homes.” Sam Khater

VP & Chief Economist, Economic & Housing Research Freddie Mac


Single-Family Housing Units Completed

4 Consecutive Years of Record Setting Number of Units

Average Annual Units Completed

13 Consecutive

Years Below 50 Year Average 1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

2020 Census


Forbearance Forbearance


30%

Original forbearance % was nowhere near projections and has been cut in more than half since then.

8.47% 3.5% Original Projection

Actual Top (May 2020)

Today First American, MBA


The number of mortgages in active forbearance now under 2 million

4.76

in millions

3.93

2.97

1.86

5/29

7/3

8/7

9/4

10/2

11/6

12/4 1/1/2021

2/5

3/5

4/2

5/4

6/4

July

McDash Flash Forbearance Tracker


1.5% Repayment plans,

Upon exit from forbearance plan:

short sales, deed-in-lieus

44.1% were paid in full 38.7% worked out a repayment plan 17.2% were still in trouble

15.7%

No loss mitigation plan

10.7%

Modification

23.2% Made their monthly payments during their forbearance period

7.4% Loan to be 13.5%

Cumulative forbearance exits for the period from June 1, 2020

28%

Loan deferral

paid off

Past due payments were brought current

through July 11, 2021

MBA


“Between 2006 and 2014, about 9.3 million households went through foreclosure, gave up their home to a lender or sold in a distressed sale.” Wall Street Journal


“The likelihood of us having a foreclosure crisis again is about zero percent.” Ivy Zelman

Founder of Zelman & Associates


Buyer Traffic: April 2021

NAR


Buyer Traffic: May 2021

NAR


Buyer Traffic: June 2021

NAR


Buyer Traffic 2Q 2021 NAR


Monthly ShowingTime Index 283.8 280.7 235.8 240.8

June 2021

152.5

190.5 166.2

160.4

200

199.2

236.1 205.3

184.7 182.3 156.2

156

128.4

84.9

ShowingTime


May 2021 Y-O-Y House Appreciation

The CoreLogic Home Price Insights Report

+15.4%

The Federal Housing Finance Agency House Price Index

+18%

The S&P Case-Shiller U.S. National Home Price Index

+16.6%


“… given that the sales activities are coming down, we may be sensing some turn in the market. We are seeing less prevalence of multiple offers. It is still a seller's market, no doubt… …Still a sellers' market, but people need to be very cautious how they price their home to attract buyers, knowing that these sales activities are declining somewhat.” Lawrence Yun

Chief Economist NAR


Months Inventory of Homes for Sale 12.5

2010 2008

11.5

Buyers’ Market

10.5 9.5

2007

8.5

(> 7 Months)

2006

7.5 6.5

Neutral Market (6-7 Months)

5.5 4.5 3.5

1999

2.5 1.5

Today

Sellers’ Market (< 6 Months)

NAR


“At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year… Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.” Lawrence Yun Chief Economist NAR


Resources Slide

Slide Title

Link

2

Hackett Quote

https://www.ajc.com/news/nation-world/us-stocks-backpedal-after-record-highs-oil-pricesdrop-after-spike/E5PK4BEVPRDUZCDLZFF5H4NQTY/

3

Price Appreciation

www.corelogic.com

5

Nothaft Quote

https://www.corelogic.com/intelligence/u-s-home-price-insights-07-2021/

6

Mortgage Originations

https://www.newyorkfed.org/microeconomics/hhdc/background.html

7

State of the Nation’s Housing 2021

https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_State_Nations_Ho using_2021.pdf

8

Mortgage Credit Availability Index

https://www.mba.org/news-research-and-resources/research-and-economics/single-familyresearch/mortgage-credit-availability-index

10

Household Debt Service Ratio

https://fred.stlouisfed.org/series/MDSP

11

Fleming Quote

https://blog.firstam.com/economics/house-prices-are-hot-but-is-housing-overvalued

12

Housing Affordability Index

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-declines-as-pricescontinue-to-rise-and-incomes-fall

13

Decreasing Affordability

https://www.nar.realtor/blogs/economists-outlook/housing-affordability-falls-in-may-as-homeprices-rise-faster-than-income


Resources Slide

Slide Title

Link

15

Khater Quote

http://www.freddiemac.com/perspectives/sam_khater/20210415_single_family_shortage.page

16

Single-Family Housing Units Completed

www.census.gov/construction/nrc/xls/co_cust.xls

18

Forbearance Percentages

https://blog.firstam.com/economics/this-time-its-different-why-a-wave-of-foreclosures-isunlikely https://www.mba.org/2021-press-releases/may/share-of-mortgage-loans-in-forbearancedecreases-to-422-percent

19

Active Forbearances

https://www.blackknightinc.com/blog-posts/

20

Upon Exit from Forbearance

https://www.mba.org/news-research-and-resources/newsroom

21

WSJ Quote

https://economics.cmail20.com/t/ViewEmail/d/6DD5AA0E9F6529292540EF23F30FEDED/5323C D85A2087AFD22947492D9797BBC

22

Zelman Quote

https://www.tomferry.com/podcast/experience-91/

24-27

Buyer Traffic Index

https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index


Resources Slide

Slide Title

Link

28

Monthly ShowingTime Index

https://showingindex.stats.showingtime.com/docs/lmu/x/UnitedStates?src=page

29

YOY Price Appreciation

https://www.corelogic.com/intelligence/u-s-home-price-insights/ https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-House-Price-Index-Up-1-7-Percent-inMay-Up-18-0-Percent-from-Last-Year.aspx https://www.spglobal.com/spdji/en/documents/indexnews/announcements/202107271425759/1425759_cshomeprice-release-0727.pdf

30

Yun Quote – Sellers’ Market

https://www.nar.realtor/videos/may-2021-existing-and-pending-home-sales

31

Months Inventory of Homes for Sale

nar.realtor https://www.nar.realtor/topics/existing-home-sales

32

Yun Quote – Prices

https://www.nar.realtor/newsroom/existing-home-sales-expand-1-4-in-june


Resources Slide

Slide Title

Link

40, 60, 70

Confidence Index

https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidenceindex

41-43, 51, 6165

Existing Home Sales

https://www.nar.realtor/topics/existing-home-sales

44-47

New Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf http://www.census.gov/newhomesales http://www.census.gov/construction/nrs/pdf/newressales.pdf

48

Total Home Sales

http://www.census.gov/construction/nrs/pdf/newressales.pdf https://www.nar.realtor/topics/existing-home-sales

49, 50

Pending Home Sales

https://www.nar.realtor/research-and-statistics/housing-statistics/pending-homesales

55-57

Case Shiller

https://www.spglobal.com/spdji/en/indices/indicators/sp-corelogic-case-shiller-20city-composite-home-price-nsa-index/#news-research

58

CoreLogic Forecasted YOY % Change in Price

https://www.corelogic.com/intelligence/u-s-home-price-insights/

61-67

Inventory

https://www.nar.realtor/topics/existing-home-sales http://www.census.gov/construction/nrs/pdf/newressales.pdf


Resources Slide

Slide Title

Link

69

Showing Activity

https://www.showingtime.com/blog/june-2021-showing-index-results/

72, 73, 75, 76

Mortgage Rates

http://www.freddiemac.com/pmms/pmms_archives.html http://www.freddiemac.com/research/forecast/

74

Mortgage Rate Projections

http://www.freddiemac.com/research/forecast/ http://www.fanniemae.com/portal/research-insights/forecast.html https://www.mba.org/news-research-and-resources/research-andeconomics/forecasts-and-commentary https://www.nar.realtor/research-and-statistics

78, 79

Mortgage Credit Availability

https://www.mba.org/news-research-and-resources/newsroom https://www.mba.org/news-research-and-resources/research-and-economics/singlefamily-research/mortgage-credit-availability-index

80-84

Days To Close, FICO Scores, DTI

http://www.elliemae.com/resources/origination-insight-reports


Average Days on the Market

NAR


EXISTING Home Sales

Since January 2014 Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

NAR


EXISTING Home Sales Y-O-Y by region

45.1%

23.7%

22.9%

U.S.

Northeast

18.8%

19.4%

Midwest

South

West NAR


Existing Home Sales in thousands

January

February

March

April

May

June

2019

July

2020

August

September October November December

2021 NAR


New Home Sales in thousands

January

February

March

April

May

June

2019

July

2020

August

2021

September

October

November December

Census


New Home Sales annualized in thousands

Jan-15

Jan-16

Jan-17

Jan-18

Jan-19

Jan 2020

Jan 2021

Census


New Home Sales % of distribution by price range

27%

28%

21% 15%

7%

2%

* Under $150K $150-$199K

$200-299K

* Less than 500 units or less than 0.5 percent

$300-$399K

$400-$499K

$500-$749K

Over $750K Census


New Homes Selling Fast (median months from completion to sold)

5.1 4.8 4.54.5 4.2 3.9 3.7

4.3

4.4 4.2 4.0

3.8

3.7

3.3

3.63.6 3.4

3.3

3.5

3.6

3.1

3.5

3.4

3.23.2

3.2

3.43.43.4 3.1

3.0

2.92.9

3.6 3.2

3.7

3.6

3.3

3.5 3.2

3.0

2.7

Jan-18 Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan-19 Feb

Mar

Apr

May

Jun

Jul

Aug

sep

Oct

Nov

Dec Jan-20 Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan-21 Feb

Mar

Apr

May

Census

Jun


Total Home Sales in thousands 674

January

641

640

651 601

586

554

475

443 376

593

586

567

682

436

426

398

February

March

April

436

May

June 2020

July

August

September October November December

2021 Census & NAR


PENDING Home Sales since 2014

100 = Historically Healthy Level

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

NAR


Pending Home Sales Year-Over-Year By Region 8.7%

U.S.

-1.9%

Northeast

Midwest

South

-2.4%

West

-2.6% -4.7% NAR


35%

Percentage of Distressed Property Sales Distressed sales – foreclosures and short sales – represented less than 1% of sales in Junr.

4%

January 2012 - Today Jan 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

1% Jan 2020

Jan 2021

NAR


Home Prices


EXISTING Home Prices Y-O-Y by region

23.4%

23.6%

21.4% 18.5%

U.S.

Northeast

Midwest

17.6%

South

West NAR


% Change in Sales from last year by Price Range

146.7% 119.1%

81.1%

24.0% -23.7%

%

$0-100K -23.7%

-15.7%

$100-250K -15.7%

$250-500K 24.0%

$500-750K 81.1%

$750K-1M 119.1%

$1M+ 146.7% NAR


Case Shiller Year-Over-Year

PRICE

CHANGES

Jun 2012

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021

S&P Case Shiller


Jan 2014 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2015 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2016 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2017 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2018 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2019 Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 2020 Feb Mar Apr May Jun Jul Ago Sept Oct Nov Dec Jan 2021 Feb Mar Apr

Case Shiller Year-Over-Year PRICE CHANGES 20 City Composite

S&P Case Shiller


Case Shiller

17.0%

Year-Over-Year PRICE CHANGES 20 City Composite

15.0% 13.4%

9.2%

10.2%

11.1%

12.0%

8.0% 6.6% 5.3% 3.5%

Jun

4.1%

Jul

Aug

Sept

Oct

Nov

Dec

Jan 2021

Feb

Mar

Apr

May S&P Case Shiller


Year-Over-Year % Change in Price

17.2%

3.2%

Current

Forecast CoreLogic


HOUSING INVENTORY


Seller Traffic Index

NAR


10.5

Months Inventory of HOMES FOR SALE

9.5

8.5

7.5

2011 - Today

6.5

5.5

4.5

3.5

2.5

1.5

January 2011

January 2012

January 2013

January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

NAR


Months Inventory of HOMES FOR SALE last 2 years 4.6 4.2

4.3 4.3

4.2 4.0 4.0

3.8

3.8

4.0

3.9

3.9

3.7

3.6

3.3 3.0

3.1 3.1

3.1

3.0 2.7 2.5

2.4

2.3 1.9 1.9

Jan-19

Feb

Mar

Apr

May

June

July

Aug

Sept

Oct

Nov

Dec

Jan-21

Feb

Mar

Apr

May

June

July

Aug

sept

Oct

Nov

Dec

Jan-21

2.0

Feb

2.5

2.6

2.1

Mar

Apr

May

June

NAR


Months Inventory of HOMES FOR SALE Last 12 Months

3.1

3.0 2.7

July

Aug

Sept

2.5

Oct

2.4

2.3

Nov

1.9

1.9

Dec

Jan-21

2.0 Feb

2.5

2.6

2.1 Mar

Apr

May

June NAR


Year-over-Year Inventory Levels January 2014

January 2015

January 2016

January 2017

January 2018

January 2019

January 2020

January 2021

% 7. 5. 3. 6. 6. 5. 5. 4. 6. 5. 5. -0 -0 -0 2. -0 1. 0. -4 -1 -3 -4 -1 -3 -2 -1 -1 -3 -9 -5 -5 -1 -6 -1 -9 -6 -7 -6 -6 -9 -8 -7 -9 -6 -6 -1 -9 -1 -9 -8 -7 -6 -6 0. 0. 2. 1. 2. 4. 6. 4. 2. 2. 1. 2. 0. -1 -2 -2 -4 -5 -9 -1 -9 -1 -1 -1 -1 -2 -1 -1 -1 -2 -2 -2 -2 -2 -2 -2 -1

NAR


HOUSING SUPPLY Year-Over-Year

Jul

Aug

-18.6%

Sept

-19.2%

-21.1%

Oct

Nov

Dec

Jan 2021

Feb

Mar

Apr

May

June

-18.8%

-19.8%

-20.5%

-22.0%

-20.6%

-23.8% -25.7%

Last 12 Months

-29.5%

-28.2%

NAR


New Home Inventory

months supply Last 12 Months

Not seasonally adjusted

5.9

4.8

5.0

4.8 4.4

3.4 Jul

3.5 Aug

3.7

3.7

Sept

Oct

3.9

Nov

Dec

Jan 21

4.3 3.7

Feb

Mar

Apr

May

June Census


New Home Inventory months supply

2020

6.1 5.6

2021

5.9

5.6 5.1 4.8 4.4 3.9

5

4.8

4.3 3.8

3.7

3.4 ene

feb

4.8

mar

abr

mayo

jun

jul

3.5 ago

3.7

sept

3.7

oct

nov

dic Census


BUYER DEMAND


“Buyer demand remains healthy… Showing traffic is still above last year’s levels – other than in the Northeast, where it is down 3 percent from last year – though we saw a quick month-to-month drop in the number of showings per listing in June, showing an uncharacteristically rapid slowdown in real estate demand coming into the summer. This is likely to cause an increase in inventory levels in the coming months and ease the upward pressure on real estate prices that has pushed them to historic highs over the last 12 months.” - Michael Lane, President of ShowingTime

Year-Over-Year Increase in Showing Activity

20.5% 14.4%

14.1%

7.8% Northeast

U.S.

-3.2%

Midwest

South

West


Buyer Traffic Index

NAR


INTEREST RATES


8/5

7/1

6/3

5/6

4/1

3/4

2/4

1/7

12/3

11/5

10/1

9/3

8/6

7/2

6/4

5/7

4/2

3/5

2/6

1/2

12/5

11/7

10/3

9/5

8/1

7/3

6/6

5/2

4/4

3/7

1/31

1/3

12/6

11/1

10/4

9/6

8/2

7/5

6/7

5/3

4/5

3/1

2/1

1/4

Mortgage Rates Freddie Mac 30-Year Fixed Rate

3.95%

2.77%

Freddie Mac


8/5

5/6 6/3 7/1

1/7/2021 2/4 3/4 4/1

11/5 12/3

8/6 9/3 10/1

5/7 6/4 7/2

2/6 3/5 4/2

11/7 12/5 1/2/2020

9/5 10/3

6/6 7/3 8/1

3/7 4/4 5/2

12/6 1/3/2019 1/31

9/6 10/4 11/1

6/7 7/5 8/2

4/5 5/4

1/5/2017 2/2 3/2 3/30 4/27 5/25 6/22 7/20 8/17 9/14 10/12 11/9 12/7 1/4/2018 2/1 3/1

10/6 11/3 12/1

7/7 8/4 9/1

4/7 5/5 6/2

1/7/16 2/4 3/3

30-Year Fixed Rate Mortgages from Freddie Mac

3.97%

2.77%

Freddie Mac


Mortgage Rate Projections Quarter

Freddie Mac

Fannie Mae

MBA

NAR

Average of All Four

2021 3Q

3.3

3.0

3.2

2.9

3.1%

2021 4Q

3.4

3.1

3.4

3.3

3.3%

2022 1Q

3.5

3.2

3.6

3.4

3.43%

2022 2Q

3.6

3.3

4.0

3.5

3.58%


Mortgage Rates 2018 Freddie Mac

- Actual - Projected

2019 30-Year Fixed Rate 2017 2020

2016

2022 2021

2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Rate 3.7 3.6 3.5 3.8 4.2 4.0 3.9 3.9 4.3 4.5 4.6 4.8 4.4

4

3.7 3.7 3.5 3.2 3.0 2.8 2.9 3.2 3.3 3.4 3.5 3.6 3.7 3.8

Freddie Mac


Mortgage Rates

Freddie Mac 30-Year Fixed Rate

Where Are They Going?

3.3

3.4

3.5

3.6

2018 2/1 3/1 4/5 5/3 6/7 7/5 8/2 9/6 10/4 11/1 12/6 1/3 2019 3/7 4/4 5/2 6/6 7/3 8/1 9/5 10/3 11/7 12/5 2020 2/6 3/5 4/2 5/7 6/4 7/2 8/6 9/3 10/1 11/5 12/3 2021 2/4 3/4 4/1 5/6 6/3 7/1 8/5

January 2018 – Today Actual Interest Rates 2021 Q3

2021 Q4

2022 Q1

2022 Q2 Freddie Mac


Mortgage Credit Availability YES

NO

MAYBE


Mortgage Credit Availability

Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association Apr 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

Jan 2019

Jan 2020

Jan 2021 MBA


900

800

Historic Data for the

700

MORTGAGE CREDIT AVAILABILITY INDEX

600

500

(a report from the Mortgage Bankers Association) 400

300

200

100

0

June 2004

June 2005

June 2006

June 2007

June 2008

June 2009

June 2010

June 2011

June 2012

June 2013

June 2014

June 2015

June 2016

June 2017

June 2018

June 2019

June 2020

June 2021

MBA


Average Days To Close A Loan

Last 12 Months

58 58 55 54

47

July

49

Aug

53 52 53 51

51

Sept

Oct

Nov

Dec

21-Jan

Feb

Mar

Apr

May

49

June

All Closed Loans as per Ellie Mae


® FICO

Score Requirements

Last 12 months

752 753 753 752 751 752 753 751 750

Jul

Aug

Sept

Oct

Nov

Dec

Jan 21

Feb

Mar

747

Apr

744 743

May

June

All Closed Loans as per Ellie Mae


® FICO

Score

39.41%

Distribution

22.19% 16.37%

15.88%

5.91% 0.01%

0.25%

500-549

550-599

600-649

44.24%

650-699

700-749

750-799

800+

All Closed Loans as per Ellie Mae


Average 743

758

® FICO

Score

for Closed Purchase Loans by Loan Type

722 677

All Loans

Conventional

FHA

VA All Closed Loans as per Ellie Mae


Average Back End DTI for Closed Purchase Loans by Loan Type

44 36

35

All Loans*

Conventional

FHA

41

VA All Closed Loans as per Ellie Mae


Housing Market Statistics for Northeast Valley Single Family Homes in Carefree, Cave Creek, Fort McDowell, Fountain Hills, Paradise Valley, Rio Verde and Scottsdale, Arizona


Average Price per Sq Ft

for Sold Northeast Valley Single Family Homes


Average Days on Market

for Sold Northeast Valley Single Family Homes


Number of Active Listings for Northeast Valley Single Family Homes


Average Price per Sq Ft for Active Northeast Valley Listings


CONTACT US TO DISCUSS YOUR LOCAL ARIZONA REAL ESTATE MARKET

Peter Shambreskis, REALTOR®, ABR, CRS, GRI, SFR 480-229-6468 Corinne Howard, REALTOR®, ePRO, GRI, SFR, SRS 480-229-6467 info@ShambreskisAndHoward.com www.ShowScottsdaleHomes.com DPR Realty, LLC

Profile for ShambreskisAndHoward

KCM and DPR Realty August 2021 National and Local AZ Housing Market Update, Shambreskis and Howard  

KCM and DPR Realty August 2021 National and Local Housing Market Update, Peter Shambreskis and Corinne Howard, Arizona Housing Market Update...

KCM and DPR Realty August 2021 National and Local AZ Housing Market Update, Shambreskis and Howard  

KCM and DPR Realty August 2021 National and Local Housing Market Update, Peter Shambreskis and Corinne Howard, Arizona Housing Market Update...

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