Some people would ask, “if the number of homes being sold is increasing, and the number of homes on the market is decreasing, isn’t the reduced supply causing the price point to increase?”
It is, in some areas. The law of supply and demand is hard at work here in the Scottsdale market, just as [...]
Continue Reading →According to the National Association of Realtors, in 2007, 39% of all home sales were by first-time home buyers. So far in 2008, we’ve seen that number increase to 41%. First-time home buyers have some very attractive incentives to enter the market, and it’s much easier than [...]
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