Luxury Valley Homes Scottsdale Blog


February 2018 | Market Update 85266 Scottsdale Real Estate Arizona

February 2018February 2018 - Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "Market Insider"!
Market Area: 85266 February 2018
Listing Price $1,035,880
Listing Price Trend + 0.02%
Sold Price $851,330
Sold Price Trend -0.11%
Just a fraction of what's happening... click now to view more local market conditions! VIEW MARKET INSIDER
Buying or selling a home involves many factors. Stay on top of current community trends by viewing these listing and sale prices, demographics, school performance, area comparisons, and more. Of course, you can always call or email for help understanding what this information really means for you.
Featured "Insider Tip"

Economic Forecast Hinges on Policy, Tax Reform February 2018

The economy could get a lift from tax reform, with homebuyers and homeowners likely having more income, but less in the way of write-offs, according to Fannie Mae's Economic and Strategic Research (ESR) Group's recently released Economic and Housing Outlook for January 2018. Analysts believe housing will again be marked by short supply this year. 

"The new tax laws are likely to motivate a mixed response in the housing market: Increased disposable household income should lead to greater housing demand, but changes to deductions essentially reduce the subsidy for homeownership," says Doug Duncan, chief economist at Fannie Mae. "On balance, we expect the housing market in 2018 to encounter many of the same challenges as last year, including inventory shortages, particularly in the middle and lower-end of the market, and affordability headwinds."

Analysts anticipate GDP will increase 2.7 percent, as well as a tumbling unemployment rate - if policymakers step up.

"The question for 2018 is less about the impacts of the tax cuts for consumers and corporations than about how the Fed manages the pace of monetary policy normalization amid a stimulative fiscal environment," Duncan says. "As we see it, the traditional view of a trade-off between employment and inflation lacks solid empirical support in recent decades, and aggressive monetary policy to ward off a potentially overheating economy may do more harm than good. Managing a 'soft landing' will be a difficult but critical task for policymakers in 2018."

Analysts also expect the Federal Reserve to hike the key interest rate, which can affect the cost of a loan, including mortgages, at least twice this year. The Fed raised the rate three times in 2017.

Fannie's forecast comes on the heels of another outlook released by Freddie Mac, which anticipates a boost in home prices, sales, and starts in 2018.
Learn more about successfully selling or buying a home and check out a whole library of tips and articles to help you!
As always, thank you for your time and feel free to get in touch if you have any questions. Yours truly, Jane and Jeff Daley

The article February 2018 Market Update Scottsdale Arizona is brought to you be the Luxury Valley Homes team. Learn more about us


Luxury Valley Home Registered TrademarkJane Daley, BA
Jeff Daley, PhD
Luxury Valley Homes - West USA
Scottsdale Real Estate Arizona
Our Luxury Valley Home Team

Comment balloon 0 commentsJane & Jeff Daley, PhD • February 26 2018 05:21PM
February 2018 | Market Update 85266 Scottsdale Real Estate Arizona
February 2018 - Local real estate conditions are changing and your Market Insider provides valuable, up-to-date information about the communities important to you. View critical information about what is happening now, so you can be a "… more
Marriage – Mortgage | Which Comes First? | Luxury Valley Homes
Marriage - Mortgage - According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise… more
Reasons to Love Using A Real Estate Pro | Luxury Valley Homes
Reasons to Love Using A Real Estate Pro - Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork,… more
Mortgage Interest Rates 2018 | Where Are They Headed
Mortgage Interest Rates 2018 - The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding… more
Thinking Selling Now? It is the Perfect Time | Luxury Valley Homes
Thinking Selling Now? - It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be… more
Staging Impact On Homes | It Does Affect Home Sales Price – Luxury…
Staging impact on homes - The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s… more
Tax Reform – Reference Page | Luxury Valley Homes Scottsdale
Tax Reform That Effects Real Estate Owners and More 1. Mortgage Interest Deduction Tax reform - There was concern that the mortgage interest deduction (MID) would be eliminated. That didn’t happen. However, the bill has made the following… more
Housing Affordability: Luxury Valley Homes Scottsdale
Housing Affordability - Luxury Valley Homes Scottsdale The Monthly Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels… more
Veterans Day Parade 2017 – Phoenix, Arizona | Luxury Valley Homes AZ
Veterans day parade 2017 is being presented by the Honoring Arizona’s Veterans (HAV) organization that has presented the annual Phoenix Veterans Day Parade 2017 for its 21st year in a row. This year it was held on Saturday, Nov. 11. Television and… more
Winfield Community Amenities 2018 - Scottsdale 85266
Winfield Real Estate Arizona is located on the Northeast side of Scottsdale Arizona. It’s a community that rests at the base of one of the most exquisite cacti and boulder-studded mountains in the southwest. Winfield Estates 85266 offers both… more