DPR Realty
do not follow the best leaders. They follow the ones they can understand the easiest.”
- Donald Miller
“People
Will Mortgage Rates Keep Rising?
Mortgage Rates Rising This Year
Source: Freddie Mac Freddie Mac 30-Year Fixed Rate, January 2022–Today 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5
6.95 3.22
U.S. 30-year fixed mortgage rates have increased 3.83 percentage points since the end of last year.
That's the biggest year-to-date increase in rates in over 50 years.
- Len Kiefer, Deputy Chief Economist, Freddie Mac
With inflation still running at a 40-year high and the Fed expecting a few more rate increases to combat it, mortgage rates will experience upward pressure through the end of 2022.
- George Ratiu, Manager of Economic Research, Realtor.com
- Mark Fleming, Chief Economist, First American
While mortgage rates are expected to continue to drift higher over the coming months, much of the rapid increase in rates is likely behind us.
Is a Recession Around the Corner? WSJ Economists’ Survey: Chances of a Recession in the Next 12 Months
Source: WSJ
18% 28% 44% 49% 63% January 2022 April June July October
A Recession Does Not Mean Falling Prices
Sources: CoreLogic, The Balance
Price Change
Last 6 Recessions 6.1% 3.5% -1.9% 6.6% -19.7% 6.0% 1980 1981 2001 2020 20081991
Home
During
A Recession Means Falling Mortgage Rates
Source: Freddie Mac, The BalanceMortgage
-4.25 -5.00 -2.25 -0.63 -1.13 -1.00 1980 1981 1991 2001 2008 2020
Rate Changes During the Last 6 Recessions
What Are Experts Saying About Home Prices?
For those bearish folks eagerly awaiting the home price crash, you'll have to keep waiting. As much as demand is pulling back supply is as well reducing downward pressure on prices in the short run.
- Taylor Marr, Deputy Chief Economist, Redfin
Home Price Forecasts for 2023 2.6% 1.2% 0.7% -1.5% -5.1% HPES NAR MBA Freddie Mac Fannie Mae Zelman Zelman Latest Forecasts from Each Entity Fannie Mae -0.2%
Prices Forecast To Fall in 2023 Big Banks Calling for Home Prices To Depreciate Next Year -5 to 10% -5.5% -5 to 10% -3%
Home
Goldman Sachs Wells Fargo Moody's Morgan Stanley
Home Prices To Fall, and Then
2024 2024
Recover Wells Fargo Home Price Forecasts for 2023 and 2024 -5.5% 3.1% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 2023
- Len Kiefer, Deputy Chief Economist, Freddie Mac
While there might be little statistical difference between a small positive number and a small negative number, there are often huge differences in how they may impact behavior.
Source: Zelman & Associates
Home Prices Depreciated
5 Years Home Price Appreciation 2006-2013 1.1% -7.3% -14.2% -2.6% -3.4% -2.2% 7.3% 9.6% 2006 2007 2008 2009 2010 2011 2012 201320112007 2008 2009 2010
GFC:
for
What About Foreclosures?
Source: ATTOM Data Solutions Foreclosure Activity by Year U.S. Properties with Foreclosure Filings: ATTOM 2021 Year-End Report 533K 718K 1.3M 2.3M 2.8M 2.9M 1.9M 1.8M 1.4M 1.1M 1.1M 933K 677K 624K 493K 214K 151K 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Over 1 Million
Only about 214,800 homeowners were facing possible foreclosure in the second quarter of 2022, or just four-tenths of one percent of the 58.2 million outstanding mortgages in the U.S. Of those facing foreclosure, about 195,400, or 91 percent, had at least some equity built up in their homes.
- ATTOM Data
- Rick Sharga, EVP, ATTOM
Q2, and foreclosure starts dropped
Anyone waiting for a huge foreclosure wave will probably be disappointed by this report from ATTOM Data foreclosure activity was flat Q1 to
slightly
Housing Supply Is Still Historically Low
Inventory the Week Ending October 28th Compared to Last 3 Years
40.0%
30.0%
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
-40.0%
39.5% 6.3% -37.2%
-50.0%
50.0% Same week in 2021 Same week in 2020 Same week in 2019
Source: Calculated Risk
Should I Buy a Home Right Now?
Median Asking Rent Since 1988
Source: Census $300 $350
1988 1989 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 2021 2022 Q3
$400 $450 $500 $550 $600 $650 $700 $750 $800 $850 $900 $950 $1,000 $1,050 $1,100 $1,150 $1,200 $1,250 $1,300 $1,350 $1,400
If you can find a house that meets your financial expectations for a monthly payment and it is a good time for you to buy, then do that, . . . And if you wait for prices to fall but they never do, you may discover the hard way that the house that you found a year ago that you really loved, that you could afford but you passed up on, is more expensive next year.
- Odeta Kushi, Deputy Chief Economist, First American
In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt. These decisions can be hugely consequential for consumers and businesses.
- Jason Lewris, Co-Founder & Chief Data Officer, Parcl
Buyer & Seller
December 5, 2022
Winter
Guides:
https://storybrand.com/
https://freddiemac.gcs-web.com/node/26191/pdf http://www.freddiemac.com/pmms/
https://twitter.com/lenkiefer/status/1583120440477638656
https://twitter.com/GeorgeRatiu/status/15881715756138045
https://www.firstam.com/news/2022/overvalued-marketsincreasing-20220927.html
https://www.wsj.com/articles/economic-forecasting-surveyarchive-11617814998
https://www.corelogic.com/blog/2019/03/housingrecessions-and-recoveries.aspx https://www.thebalance.com/the-history-of-recessions-inthe-united-states-3306011
https://www.corelogic.com/intelligence/findstories/corelogic-hpi-posted-record-year-over-year-growthin-2021/
Resources Slide(s) Description Link(s) 2 Miller Quote
4 Mortgage Rates Graph
5 Kiefer Quote, Rates
6 Ratiu Quote
7 Fleming Quote
44
8 Recession Survey Graph
9 Recession & Prices Graph
http://www.freddiemac.com/pmms/ https://mtg-specialists.com/2022/05/11/recession-interestrates-and-real-estate/
https://twitter.com/tayloramarr/status/157808228328159641 8
https://www.fanniemae.com/media/44911/display https://pulsenomics.com/surveys/#home-price-expectations https://www.freddiemac.com/research/forecast/20221021quarterly-forecast-rapidly-rising-rates-declining-demanddriving-housing-market https://www.mba.org/docs/default-source/research-andforecasts/forecasts/mortgage-finance-forecast-oct2022.pdf?sfvrsn=d32917_1 https://cdn.nar.realtor/sites/default/files/documents/forecastq4-2022-us-economic-outlook-09-28-2022.pdf https://www.zelmanassociates.com/ (by subscription)
Resources
Slide(s) Description Link(s) 10 Recession & Rates Graph
12 Marr Quote
13 Price Forecasts Graph
https://www.morganstanley.com/ideas/thoughts on the market-us-housing
https://wellsfargo.bluematrix.com/links2/html/429eb828b17e 4e47 8856 4ff59f9d3d1a
https://www.goldmansachs.com/insights/pages/why-homeprices-are-poised-to-fall.html
https://cre.moodysanalytics.com/insights/research/housing sector-in-the-second-quarter/
https://wellsfargo.bluematrix.com/links2/html/429eb828b17e-4e47-8856-4ff59f9d3d1a
Resources Slide(s) Description Link(s) 14 Price Depreciation Graph
15 Price Recovery Forecast Graph
16 Kiefer Quote, Prices
17 Home Prices 2006-2013
(subscription required)
https://twitter.com/lenkiefer/status/1580322701402525697
www.zelmanandassociates.com
https://www.attomdata.com/news/market trends/foreclosures/attom-year-end-2021-u-s-foreclosuremarket-report/ https://www.attomdata.com/news/market trends/home sales-prices/attom-q2-2022-u-s-home-equity-andunderwater-report/
https://twitter.com/ricksharga/status/1580617436617142272
https://www.calculatedriskblog.com/2022/10/housingoctober-31st-weekly-update.html
http://www.census.gov/housing/hvs/files/currenthvspress.pd f
https://www.syracuse.com/business/2022/09/home-pricesmight-drop-but-wont-crash-what-buyers-should-know.html
https://www.parcllabs.com/articles/q3-real-estate
Resources Slide(s) Description Link(s) 19, 20 ATTOM Data Foreclosure Activity
21 Sharga Quote
22 Inventory Graph
24 Median Asking Rent Graph
25 Kushi Quote
26 Lewris Quote
Updates
https://www.nar.realtor/research-and-statistics/researchreports/realtors-confidence-index
https://www.nar.realtor/topics/existing-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 https://www.nar.realtor/topics/existing-home-sales
https://www.nar.realtor/research-and-statistics/housingstatistics/pending-home-sales
https://www.spglobal.com/spdji/en/indices/indicators/spcorelogic-case-shiller-20-city-composite-home-price-nsaindex/#news-research
https://www.corelogic.com/intelligence/u-s-home-priceinsights/
https://www.nar.realtor/topics/existing-home-sales http://www.census.gov/construction/nrs/pdf/newressales.pdf
Resources Slide(s) Description Link(s) 36 Confidence Index
37-39, 47, 49, 50, 56-61 Existing Home Sales
40-43 New Home Sales
44 Total Home Sales
45, 46 Pending Home Sales
51-53 Case Shiller
54 CoreLogic Price Forecast
56-63 Inventory
https://www.showingtime.com/blog/september-2022showing-index-results/
http://www.freddiemac.com/pmms/pmms_archives.html http://www.freddiemac.com/research/forecast/
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
https://www.mba.org/news-research-andresources/newsroom https://www.mba.org/news-research-andresources/research-and-economics/single-familyresearch/mortgage-credit-availability-index
Resources Slide(s) Description Link(s) 65 Showing Activity
67, 68, 70, 71
Mortgage Rates
69
Mortgage Rate Projections
73, 74 Mortgage
Availability
Credit
Home Sales
42 30 26 26 26 27 31 32 33 42 46 49 44 36 24 26 27 29 31 31 36 38 41 41 36 29 27 26 24 22 22 21 21 21 21 20 18 17 17 17 17 17 17 18 18 19 19 18 17 17 16 14 14 16 19 Mar-22 Apr May June July Aug Sept Oct Nov Dec 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 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan-22 Feb Mar Apr May June July Aug Sept Source: NAR Average Days
the Market
on
September 2022
Existing Home Sales
January 2014
6,800,000
6,300,000
5,800,000
4,800,000
4,300,000
5,300,000 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022
Source: NAR
Since
3,800,000
Source: NAR
Home Sales Year-Over-Year, by Region -23.8% -18.7% -19.7% -23.8% -31.3% U.S. Northeast Midwest South West
Existing
Source: NAR
Home Sales In Thousands 0 100 200 300 400 500 600 January February March April May June July August September October November December 2020 2021 2022
Existing
Source: Census New Home Sales In Thousands 0 10 20 30 40 50 60 70 80 90 January February March April May June July August September October November December 2020 2021 2022
Source: Census
Home Sales Annualized in Thousands 360 460 560 660 760 860 960 1060 jun-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22
New
0% 3% 14% 12% 15% 6% Under $150K $150-$199K $200-299K $300-$399K $400-$499K $500-$749K Over $750K Source: Census New Home Sales Percent of Distribution by Price Range * Less Than 500 Units or Less Than 0.5 Percent * *
Source: Census
Homes Selling
Sold 3.2 3.6 3.6 3.4 3.5 3.6 3.4 3.2 3.5 3.1 3.2 3.0 3.4 3.4 3.4 3.3 3.6 4.2 4.3 4.5 4.5 4.2 4.0 3.6 3.2 3.7 5.1 4.9 4.5 4.1 4.5 3.6 3.1 2.5 2.9 3.2 2.8 2.7 3.5 3.5 2.8 2.9 2.4 1.8 1.5
New
Fast Median Months from Completion to
Source: Census Total Home Sales In Thousands 443 436 567 587 593 676 646 631 604 577 557 574 422 423 524 517 557 575 495 528 477 January February March April May June July August September October November December 2021 2022
Pending
Source: NAR
Home Sales 60 70 80 90 100 110 120 130 140 January 2012 January 2013 January 2014 January 2015 January 2016 January 2017 January 2018 January 2019 January 2020 January 2021 January 2022 100 = Historically Healthy Level
Source: NAR
Home Sales Year-Over-Year by Region 100 = Historically Healthy Level -31.0% -30.1% -26.7% -30.0% -38.7% U.S. Northeast Midwest South West
Pending
Percentage of Distressed Property Sales
Source: NAR
0% 5% 10% 15%
35% Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022 4%
Distressed Sales (Foreclosures and Short Sales) represented 2% of Sales in September.
20% 25% 30%
Home Prices
8.4% 8.3% 6.9% 11.8% 7.1% U.S. Northeast Midwest South West Source: NAR Sales Price of Existing Homes Year-Over-Year, by Region
Source: NAR
Sales Year-Over-Year, by Price Range $0-100K $100-250K $250-500K $500-750K $750K-1M $1M+ % -23.8% -28.4% -17.9% -9.9% -9.5% -15.5% -23.8% -28.4% -17.9% -9.9% -9.5% -15.5%
% Change in
Change in Home Prices Year-Over-Year
Source: S&P Case-Shiller
0% 5% 10% 15% 20% Jun 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022
Source: 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 Aug Sept Oct Nov Dec Jan 2021 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan 2022 Feb Mar Apr May June July August
Home Prices
Change in
Year-Over-Year, 20 City Composite
Source: S&P Case-Shiller Change in Home Prices Year-Over-Year, 20 City Composite 19.1% 18.5% 18.3% 18.6% 18.9% 20.3% 21.1% 21.2% 20.5% 18.7% 16.0% 13.1% Sept Oct Nov Dec Jan 2022 Feb Mar Apr May June July Aug
Year-Over-Year % Change in Price
Source: CoreLogic
11.4% 3.9% Current Forecast
September 2022
Housing Inventory
Change in Inventory
Month-Over-Month, October 2022
Source: realtor.com
Months Inventory of Homes for Sale
Source: NAR
2011 - Today 1.5 2.5 3.5 4.5 5.5 6.5 7.5 8.5 9.5 January 2011 January 2012 January 2013 January 2014 January 2015 January 2016 January 2017 January 2018 January 2019 January 2020 January 2021 January 2022
Source: NAR Months Inventory of Homes for Sale Since 2019 3.8 3.6 3.8 4.2 4.3 4.3 4.2 4.0 4.0 3.9 3.7 3.0 3.1 3.1 3.3 4.0 4.6 3.9 3.1 3.0 2.7 2.5 2.3 1.9 1.9 2.0 2.1 2.3 2.5 2.5 2.6 2.6 2.4 2.4 2.1 1.7 1.6 1.7 1.9 2.2 2.6 2.9 3.2 3.2 3.2 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 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 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan-22 Feb Mar Apr May June July Aug Sept
Source: NAR
Homes
Sale Last 12 Months 2.4 2.1 1.7 1.6 1.7 1.9 2.2 2.6 2.9 3.2 3.2 3.2 0 1 2 3 4 5 6 Oct Nov Dec 22-Jan Feb Mar Apr May June July Aug Sept
Months Inventory of
for
Source: NAR
Inventory Levels -30% -25% -20% -15% -10% -5% 0% 5% 10% January 2014 January 2015 January 2016 January 2017 January 2018 January 2019 January 2020 January 2021 January 2022 % 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 -1 -1 -1 -9 -1 -4 2. 0. 0. -0
Year-Over-Year
Year-Over-Year Inventory Levels
Source: NAR
Last 12 Months -12.8% -9.8% -13.3% -18.0% -17.9% -15.5% -9.5% 10.4% -4.1% 2.4% 0.0% 0.0% -0.8% Sept Oct Nov Dec Jan 2022 Feb Mar Apr May June July AugustJuly Aug Sept June
Source: Census New Home Monthly Inventory Seasonally Adjusted, Last 12 Months 6.9 6.2 5.6 5.7 6.0 7.0 8.4 8.3 9.4 10.1 8.1 9.2 Oct Nov Dec Jan 22 Feb Mar Apr May June Jul Aug Sept
Source: Census New Home Monthly Inventory Non-Seasonally Adjusted 3.9 4.4 3.7 4.3 5.0 5.8 5.9 6.9 6.5 7.6 7.3 6.4 5.7 6 7 8.4 8.3 9.4 10.1 8.1 9.2 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 2021 2022
Buyer Demand
Pre-Pandemic
Source: ShowingTime
addition to the regular seasonal slowdown we would expect, buyers who can’t overcome affordability challenges are opting out of the market and contributing
the fewer showings we
September.” -17.0% -10.1% -11.2% -27.0% -44.6% U.S. Northeast Midwest South West
Traffic Continues To Decline While Remaining Above
Levels Year-Over-Year Increase in Showing Activity, September 2022 Michael Lane, Vice President & General Manager, ShowingTime “In
to
saw in
Mortgage Rates
2.0 2.5 3.0 3.5
7.0 7.5 8.0 Source: Freddie Mac
4.0 4.5 5.0 5.5 6.0 6.5
Mortgage Rates 30-Year Fixed Rate, January 2018–Today 6.95%
2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 1/7/16 2/4 3/3 4/7 5/5 6/2 7/7 8/4 9/1 10/6 11/3 12/1 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 4/5 5/4 6/7 7/5 8/2 9/6 10/4 11/1 12/6 1/3/2019 1/31 3/7 4/4 5/2 6/6 7/3 8/1 9/5 10/3 11/7 12/5 1/2/2020 2/6 3/5 4/2 5/7 6/4 7/2 8/6 9/3 10/1 11/5 12/3 1/7/2021 2/4 3/4 4/1 5/6 6/3 7/1 8/5 9/2 10/7 11/4 12/2 1/6/2022 2/3 3/3 4/7 5/5 6/2 7/7 8/4 9/1 10/6 11/3 Source: Freddie Mac Mortgage Rates 30-Year Fixed Rate, January 2016–Today 6.95%
Mortgage Rate Projections October 2022 Quarter Freddie Mac Fannie Mae MBA NAR Average of All Four 2023 Q1 6.60% 6.60% 6.20% 6.50% 6.48% 2023 Q2 6.50% 6.50% 5.70% 6.40% 6.28% 2023 Q3 6.40% 6.40% 5.50% 6.30% 6.15% 2023 Q4 6.20% 6.20% 5.40% 6.10% 5.98%
2.0 3.0 4.0 5.0 6.0 7.0 8.0 2018 2/1 3/1 4/5 5/3 6/7 7/5 8/2 9/6 10/4 11/1 12/6 2019 1/31 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 9/2 10/7 11/4 12/2 2022 2/3 3/3 4/7 5/5 6/2 7/7 8/4 9/1 10/6 11/3 6.6 6.5 6.4 6.2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 Source: Freddie Mac Mortgage Rates 30-Year Fixed Rate January 2018 – Today Actual Interest Rates Where Are They Going?
Mortgage Rates
Source: Freddie Mac
Actual
Projected
2023
30-Year Fixed Rate 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 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 3.1 3.8 5.3 5.6 6.8 6.6 6.5 6.4 6.2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7 7.5 -
-
2016 2017 2018 2019 2020 2021
2022
Mortgage Credit Availability
Mortgage Credit Availability Index (MCAI)
Source: MBA
September
100 110 120 130 140 150 160 170 180 190 Apr 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022
2022
Lending Standards Still Under Control
Data
Source: MBA
Historic
for the Mortgage Credit Availability Index (MCAI) 0 100 200 300 400 500 600 700 800 900 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 June 2022 Sept 2022 Housing Bubble: 868.7 102.5
Housing Market Statistics for Northeast Valley
Single Family Homes in Carefree, Cave Creek, Fort McDowell, Fountain
Paradise Valley, Rio Verde and Scottsdale, Arizona
Hills,
Average Price per Sq Ft for Sold Northeast Valley Single Family Homes
Average Days on Market
for Sold Northeast
Single Family Homes
Valley
Number of Active Listings for Northeast Valley Single Family Homes
Average Price per Sq Ft for Active Northeast Valley Listings
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 CONTACT US TO DISCUSS YOUR LOCAL ARIZONA REAL ESTATE MARKET