January 2022 DPR Realty
It is possible that rising mortgage rates will slow the housing market . . . or the Fed might raise rates sooner than expected due to the recent pickup in inflation, . . . but I believe one thing is certain: inventory will tell the tale!”
- Bill McBride, Founder, Calculated Risk
The Bad News: Listings Are at Record Lows
Housing Inventory Lower than Last Year December 2021 Year-Over-Year Compared to December 2020
Source: realtor.com
Months Inventory of Homes for Sale Since 2019 6.0
5.5
5.0 4.6 4.5 4.2 4.0
4.3 4.3
4.2 4.0 4.0
3.8
3.8
4.0
3.9
3.9
3.7
3.6 3.5
3.3 3.0
3.0
3.1
3.1 3.1
3.0 2.7 2.5
2.5
1.9 1.9
2.0
1.5
2.4
2.3
Jan-19
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan-20
Feb
Mar
Apr
May
June
July
Aug
sept
Oct
Nov
Dec
Jan-21
2.0
Feb
2.5 2.5
2.6 2.6 2.4
2.3
2.1
Mar
2.1
Apr
May
June
July
Aug
Sept
Oct
Nov
Source: NAR
Buyer Activity
Showings Still Strong, Greater than Last November ShowingTime Monthly Index
284
236
191
153
200
241
236 205
199 185
190
182
166
160
281
156
156
N
D
178
176
A
S
184
176
128
85
J 2020
F
M
A
M
J
J
A
S
O
J 2021
F
M
A
M
J
J
O
N
Source: ShowingTime
Showings Crush Pre-Pandemic Numbers Showing Index over the Last 5 Novembers 200 180
156.3
160
175.7
140 120 100
103.9
98.2
2017
2018
107.2
80 60 40 20 0
2019
2020
2021 Source: ShowingTime
Showings traditionally lag during the holiday season, but the data we’re seeing tells us that buyer demand remains strong. The fact that every region showed a year-over-year increase indicates that buyers are undeterred . . . It speaks to their desire to keep searching for their next home.
- Michael Lane, VP & General Manager, ShowingTime
Pending Sales Higher than Pre-Pandemic Numbers Pending Home Sales over the Last 5 Novembers 140 120
109.6
100
101
125.8
122.4
2020
2021
108
80 60 40 20 0
2017
2018
2019
Source: NAR
Home Equity
The lack of insight around home equity presents an opportunity for real estate professionals, who are always looking for touch points with past clients.
- 2021 REALTORS’ Conference & Expo
CoreLogic’s Q3 Homeowner Equity Report
$57K
Average home equity gain for U.S. homeowners with mortgages
$3.2T
Year-Over-Year total increase in equity for U.S. homeowners with mortgages
31.1%
Year-Over-Year percentage increase in equity for U.S. homeowners with mortgages
“This summer, home price growth reached the highest level in more than 45 years, pushing equity gains to another record high.” Source: CoreLogic
Homeowner Equity Growth Still Surging Q3 2021 Year-Over-Year from Q3 2020
Source: CoreLogic
Not only have equity gains helped homeowners more seamlessly transition out of forbearance and avoid a distressed sale, but they’ve also enabled many to continue building their wealth.
- Frank Martell, President & CEO, CoreLogic
U.S. households own $36.8 trillion in owner-occupied real estate, $11.5T in debt, and the remaining $25T in equity. . . . In inflated-adjusted terms, homeowners had an average of $294k in equity in Q3 2021- a historic high.
- Odeta Kushi, Deputy Chief Economist, First American
What To Expect in the 2022 Housing Market
Mortgage Rate Projections December 2021
Quarter
Freddie Mac
Fannie Mae
MBA
NAR
Average of All Four
2022 1Q
3.4
3.2
3.3
3.3
3.30%
2022 2Q
3.5
3.3
3.5
3.5
3.45%
2022 3Q
3.6
3.3
3.7
3.6
3.55%
2022 4Q
3.7
3.4
4.0
3.7
3.70%
Forbearances Finally Fall Below 1 Million Monthly Number of Loans in Active Forbearance (in Millions) 4.76
4.6
4.58
4 3.8 3.62
2.86
2.76
2.83
2.72
2.69
2.54 2.33 2.12
2.05 1.82
1.71
1.57 1.22 0.89
May June 2020
July
Aug
Sept
Oct
Nov
Dec
Jan
Feb March April May
June
July
Aug
Sept
Oct
Nov
Dec
Source: Black Knight
We may see a little bit of an uptick in foreclosure rates in 2022. Just an uptick though, from an extraordinarily low level, we’re not expecting to see a big increase … We expect delinquency rates overall on home mortgages to actually continue to remain quite, quite low. - Maiclaire Bolton-Smith, Senior Leader of Research, CoreLogic
Has Home Price Acceleration Peaked? Percent Year-Over-Year Monthly Price Increases 2021 20 19 18 17 16 15 14 13
FHFA CoreLogic S&P Case Shiller
12 11 10
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
November
Source: CoreLogic, FHFA, SP Case Shiller
Home Price Forecasts for 2022 7.4%
7% 6%
5.2%
5.1%
5.1%
3%
Average of All 7 Forecasts
Fannie Mae
Freddie Mac
CoreLogic
MBA
HPES
Zelman
2.8%
NAR
So overall I do think that 2022 will be another strong year for housing. All be it a little bit higher mortgage rates and we do think home sales will continue to rise and actually reach a 16 year high in 2022.
- Maiclaire Bolton-Smith, Senior Leader of Research, CoreLogic
Resources Slide(s)
Description
Link(s)
2
McBride Quote
Subscriber’s Newsletter https://www.calculatedriskblog.com/
4
Inventory Map
https://www.realtor.com/research/data/
5
Inventory Graph
https://www.nar.realtor/topics/existing-home-sales https://www.nar.realtor/newsroom/existing-home-salescontinue-upward-increasing-1-9-in-november
7-9
Showings Graphs, Lane Quote
https://www.showingtime.com/blog/november-2021showing-index-results
10
Pending Sales Graph
https://www.nar.realtor/research-and-statistics/housingstatistics/pending-home-sales
12
REALTORS’ Conference & Expo Quote
https://magazine.realtor/live/article/2021/11/how-to-buildclient-for-life-relationships
13-15
CoreLogic Equity Report, Map, & Martell Quote
https://www.corelogic.com/intelligence/homeowner-equityinsights/
Resources Slide(s)
Description
Link(s)
16
Kushi Quote
https://twitter.com/odetakushi/status/147112504568671846 6
18
Mortgage Rate Projections
http://www.freddiemac.com/research/forecast/20211015_qu arterly_economic_forecast.page? https://www.fanniemae.com/media/42011/display https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://cdn.nar.realtor/sites/default/files/documents/forecastQ4-2021-us-economic-outlook-10-28-2021.pdf
19
Forbearances Graph
https://www.blackknightinc.com/blog-posts/
20, 23
Bolton-Smith Quote
https://www.corelogic.com/intelligence/whats-in-store-for2022/
Resources Slide(s)
21
22
Description
Link(s)
Price Acceleration Graph
https://www.corelogic.com/intelligence/u-s-home-priceinsights/ https://www.spglobal.com/spdji/en/documents/indexnews/a nnouncements/20211228-1448566/1448566_cshomepricerelease-1228.pdf https://www.fhfa.gov/AboutUs/Reports/Pages/US-HousePrice-Index-December-2021.aspx
Price Forecasts Graph
https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://cdn.nar.realtor/sites/default/files/documents/forecastQ4-2021-us-economic-outlook-10-28-2021.pdf https://www.fanniemae.com/research-and-insights/forecast http://www.freddiemac.com/research/forecast/index.page https://pulsenomics.com/surveys/#home-price-expectations https://twitter.com/CoreLogicInc/status/1466523328353640 460
Updates
Resources Slide(s)
Description
Link(s)
31, 51, 61 Confidence Index
https://www.nar.realtor/research-and-statistics/researchreports/realtors-confidence-index
32-34, 42, 44, 45, Existing Home Sales 52-56
https://www.nar.realtor/topics/existing-home-sales
35-38
New Home Sales
http://www.census.gov/construction/nrs/pdf/newressales.pdf http://www.census.gov/newhomesales
39
Total Home Sales
http://www.census.gov/construction/nrs/pdf/newressales.pdf https://www.nar.realtor/topics/existing-home-sales
40, 41
Pending Home Sales
https://www.nar.realtor/research-and-statistics/housingstatistics/pending-home-sales
46-48
Case Shiller
https://www.spglobal.com/spdji/en/indices/indicators/spcorelogic-case-shiller-20-city-composite-home-price-nsaindex/#news-research
49
CoreLogic Price Forecast
https://www.corelogic.com/intelligence/u-s-home-priceinsights/
52-58
Inventory
https://www.nar.realtor/topics/existing-home-sales http://www.census.gov/construction/nrs/pdf/newressales.pdf
Resources Slide(s)
Description
Link(s)
60
Showing Activity
https://www.showingtime.com/blog/november-2021showing-index-results/
63, 64, 66, 67
Mortgage Rates
http://www.freddiemac.com/pmms/pmms_archives.html http://www.freddiemac.com/research/forecast/
Mortgage Rate Projections
http://www.freddiemac.com/research/forecast/ http://www.fanniemae.com/portal/researchinsights/forecast.html https://www.mba.org/news-research-andresources/research-and-economics/forecasts-andcommentary https://www.nar.realtor/research-and-statistics
69, 70
Mortgage Credit Availability
https://www.mba.org/news-research-andresources/newsroom https://www.mba.org/news-research-andresources/research-and-economics/single-familyresearch/mortgage-credit-availability-index
71-75
Days To Close, FICO Scores, DTI
https://www.icemortgagetechnology.com/mortgagedata/origination-insight-reports
65
Home Sales
Average Days on the Market November 2021
Source: NAR
Existing Home Sales Since January 2014 6,800,000
6,300,000
5,800,000
5,300,000
4,800,000
4,300,000
3,800,000
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Source: NAR
Existing Home Sales Year-Over-Year, by Region
4.3%
4.8%
2.0% U.S.
1.0% Northeast
Midwest
South
West
-8.7%
Source: NAR
Existing Home Sales In Thousands 2019
2020
2021
600
500
400
300
200
100
0
January
February
March
April
May
June
July
August
September
October
November December
Source: NAR
New Home Sales In Thousands 90
2019
2020
2021
80 70 60 50 40 30 20 10 0
January
February
March
April
May
June
July
August
September
October
November December
Source: Census
New Home Sales Annualized in Thousands 1060
960
860
760
660
560
460
360 jun-14
Jan-15
Jan-16
Jan-17
Jan-18
Jan-19
Jan-20
Jan-21
Source: Census
New Home Sales Percent of Distribution by Price Range * Less Than 500 Units or Less Than 0.5 Percent
31%
22%
22%
14% 11%
*
0% Under $150K
*
$150-$199K
$200-299K
$300-$399K
$400-$499K
$500-$749K
Over $750K Source: Census
New Homes Selling Fast Median Months from Completion to Sold
5.1 4.9
4.5
4.5 4.5 4.2 3.9 3.7
3.3
4.3
4.2
4.1
4.0 3.8
3.7
3.6 3.6 3.4
3.3
3.2 3.2
3.1
3.0
2.9 2.9
3.5
3.6
3.6
3.5
3.4 3.2
3.4 3.4 3.4 3.1
3.2
3.3
4.5
3.7
3.6
3.2
3.6
3.2
3.0
2.7
2.7
Jan-… Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May Jun Jul Aug sep Oct Nov Dec Jan-… Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan-… Feb Mar Apr May June July Aug Sept Oct Nov
2.5
Source: Census
Total Home Sales In Thousands 2020
2021
676
567
January
646
641 631
586
640
651 604
577
554 566
601
475
443 376
593
587
682
436
425
398
February
March
April
436
May
June
July
August
September
October
November December
Source: Census
Pending Home Sales 140
130
120
110
100
100 = Historically Healthy Level 90
80
70
60
January 2012
January 2013
January 2014
January 2015
January 2016
January 2017
January 2018
January 2019
January 2020
January 2021
Source: NAR
Pending Home Sales Year-Over-Year by Region
0.2% U.S.
Northeast
Midwest Midwest
South
West
-1.3% -2.7% 100 = Historically Healthy Level -4.6%
-8.5%
Source: NAR
Percentage of Distressed Property Sales Distressed Sales (Foreclosures and Short Sales) Represented Less Than 1% of Sales in November. 35%
30%
25%
20%
15%
10%
5%
0%
ene 2012
4%
ene 2013
ene 2014
ene 2015
ene 2016
ene 2017
ene 2018
ene 2019
ene 2020
ene 2021
Source: NAR
Home Prices
Sales Price of Existing Homes Year-Over-Year, by Region 18.4%
13.9%
9.0%
8.4%
4.7%
U.S.
Northeast
Midwest
South
West Source: NAR
% Change in Sales Year-Over-Year, by Price Range 50.7% 37.1% 30.8%
6.9% -14.8%
%
$0-100K -14.8%
-18.5%
$100-250K -18.5%
$250-500K 6.9%
$500-750K 30.8%
$750K-1M 37.1%
$1M+ 50.7% Source: NAR
Change in Home Prices Year-Over-Year 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0%
Jun 2012
Jan 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Source: S&P Case-Shiller
0% 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 Aug Sept Oct Nov Dec Jan 2021 Feb Mar Apr May June July Aug Sept Oct
Change in Home Prices
Year-Over-Year, 20 City Composite 20%
18%
16%
14%
12%
10%
8%
6%
4%
2%
Source: S&P Case-Shiller
Change in Home Prices Year-Over-Year, 20 City Composite 19.8%
19.8%
19.7%
July
Aug
Sept
18.7%
19.1%
16.6% 14.8% 13.3% 11.2%
12.0%
10.2% 9.2%
Nov
Dec
Jan 2021
Feb
Mar
Apr
May
June
Oct
Source: S&P Case-Shiller
Year-Over-Year % Change in Price 18.1%
2.8%
Current
Forecast Source: CoreLogic
Housing Inventory
Seller Traffic Index November 2021
Source: NAR
Months Inventory of Homes for Sale 2011 - Today 9.5
8.5
7.5
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
Source: NAR
Months Inventory of Homes for Sale Since 2019 6.0
5.5
5.0 4.6 4.5 4.2 4.0
4.3 4.3
4.2 4.0 4.0
3.8
3.8
4.0
3.9
3.9
3.7
3.6 3.5
3.3 3.0
3.0
3.1 3.1
3.1
3.0 2.7 2.5
2.5
1.9 1.9
2.0
1.5
2.4
2.3
Jan-19
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Jan-20
Feb
Mar
Apr
May
June
July
Aug
sept
Oct
Nov
Dec
Jan-21
2.0
Feb
2.5 2.5
2.6 2.6 2.4
2.3
2.1
Mar
2.1
Apr
May
June
July
Aug
Sept
Oct
Nov
Source: NAR
Months Inventory of Homes for Sale Last 12 Months
2.6 2.5
2.6
2.5
2.4
2.4 2.3
2.1
2.1
2.0 1.9
1.9
Dec
Jan-21
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Source: NAR
Year-Over-Year Inventory Levels 10%
5%
0%
-5%
-10%
-15%
-20%
-25%
-30% 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 -1 -1 -1 -9 -1
Source: NAR
Year-Over-Year Inventory Levels Last 12 Months
Dec
Jan 2021
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
-9.8%
-14.9%
-20.5%
-13.8%
-12.8%
-13.3%
-18.8% -20.6%
-23.8% -25.7% -29.5%
-28.2%
Source: NAR
New Home Monthly Inventory Seasonally Adjusted, Last 12 Months 7.1 6.8 6.1
6.5
6.3
6.2
5.4 4.8 4.5 4.2 3.8
Dec
3.6 Jan 21
Feb
Mar
Apr
May
June
jul
Aug
Sept
Oct
Nov
Source: Census
New Home Monthly Inventory Non-Seasonally Adjusted 2020
2021
7.6
7.6
6.9 6.5 6.1 5.6
5.6 5.1 4.8 4.4 3.9
5.9
5.8
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
Source: Census
Buyer Demand
Impressive Year-Over-Year Demand Seen Across the U.S. as Holiday Home Showing Traffic Heats Up Year-Over-Year Increase in Showing Activity, November 2021 Michael Lane, Vice President & General Manager, Showing Time “Showings traditionally lag during the holiday season, but the data we’re seeing tells us that buyer demand remains strong… The fact that every region showed a year-over-year increase indicates that buyers are undeterred by the approaching holidays. It speaks to their desire to keep searching for their next home.” 12.5%
14.0%
14.0%
13.6%
3.0% U.S.
Northeast
Midwest
South
West Source: Showing Time
Buyer Traffic Index November 2021
Source: NAR
Mortgage Rates
2.5 1/6/2022
3.5
10/7 11/4 12/2
8/5 9/2
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
Mortgage Rates
30-Year Fixed Rate, January 2016–Today 5.0
4.5
4.0
3.22%
3.0
Source: Freddie Mac
Mortgage Rates 30-Year Fixed Rate, January 2018–Today 5.0
4.5
4.0
3.22% 3.5
3.0
2.5
Source: Freddie Mac
Mortgage Rate Projections December 2021
Quarter
Freddie Mac
Fannie Mae
MBA
NAR
Average of All Four
2022 1Q
3.4
3.2
3.3
3.3
3.30%
2022 2Q
3.5
3.3
3.5
3.5
3.45%
2022 3Q
3.6
3.3
3.7
3.6
3.55%
2022 4Q
3.7
3.4
4.0
3.7
3.70%
Mortgage Rates 30-Year Fixed Rate 5
- Actual - Projected
2018
4.5
2019 4
2017 3.5
2016
2020
2022
3
2021 2.5
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 3.0 2.9 3.2 3.4 3.5 3.6 3.7
Source: Freddie Mac
Mortgage Rates 30-Year Fixed Rate 5.0
4.5
Where Are They Going?
4.0
3.5
3.4
3.5
3.6
3.7
3.0
2022
11/4 12/2
8/5 9/2 10/7
5/6 6/3 7/1
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 2020
9/5 10/3
6/6 7/3 8/1
3/7 4/4 5/2
12/6 2019 1/31
9/6 10/4 11/1
6/7 7/5 8/2
4/5 5/3
2018 2/1 3/1
2.5
January 2018 – Today Actual Interest Rates 2022 Q1
2022 Q2
2022 Q3
2022 Q4
Source: Freddie Mac
Mortgage Credit Availability
Mortgage Credit Availability Index (MCAI) November 2021
190 180 170 160 150 140 130 120 110 100
Apr 2013
Jan 2014
Jan 2015
Jan 2016
Jan 2017
Jan 2018
Jan 2019
Jan 2020
Jan 2021
Source: MBA
Lending Standards Still Under Control Historic Data for the Mortgage Credit Availability Index (MCAI) 900
Housing Bubble: 868.7
800 700 600 500 400 300 200
124.9 100 0
June 2004
June June 2005 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
Nov 2021
Source: MBA
Average Days To Close a Loan Last 12 Months
54
Oct
55
Nov
58
58 53
Dec
21-Jan
Feb
52
Mar
51
Apr
53
May
49
48
June
July
46
47
Aug
Sept Source: ICE
Average FICO® Score Last 12 Months 753
752
751
752
753 751
747 744
743 740
Oct
Nov
Dec
21-Jan
Feb
Mar
Apr
May
June
July
741
Aug
740
Sept Source: ICE
FICO® Score Distribution September 2021 38.88%
23.25% 16.88%
14.21%
6.47% 0.02%
0.35%
500-549
550-599
600-649
650-699
700-749
750-799
800+
46.97% Source: ICE
Average FICO® Score for Closed Purchase Loans By Loan Type, September 2021 755 740 720
676
All Loans
Conventional
FHA
VA Source: ICE
Average Back End DTI for Closed Purchase Loans By Loan Type, September 2021 43 36
35
All Loans
Conventional
FHA
41
VA Source: ICE
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