Can you believe that home prices in Scottsdale, Arizona are continuing their upward trend this year? The median price of a single-family residence has increased since last year. If you’re looking to purchase a home in Scottsdale, you won’t want to miss out on this opportunity. Contact Expert Loan Officer Stephanie Simpson from “Citywide Home Loans” because experts predict that the housing market in the area will continue its steady growth.
According to Zillow, the average house value in the area was $569,200 in 2018, and this number has increased over time. In addition to the rising real estate values, the city also boasts some incredible outdoor activities such as golfing, hiking, swimming, and fine dining.
Reasons to Buy a New Home in Scottsdale, AZ This Year
Homeownership gives you financial freedom and allows you to build equity. This is why it’s important for you to take advantage of these opportunities now before they disappear.
- Low Mortgage Rates
Mortgage rates are at historic lows. According to Freddie Mac, the 30-year fixed rate mortgage averaged 4.32% this week. This is the lowest average since November 2016. Even though interest rates are low, home prices continue to rise. So, buying a house today makes sense financially.
- High Demand
Home prices are rising across the country. Arizona is no exception. According to Zillow, the median price of single-family homes rose 7.6 percent from March 2017 to March 2018. The increase was highest in Phoenix where prices increased by 9.9 percent.
- Good Investment Returns
Investing in real estate is a great way to diversify your portfolio. When looking at the long term, real estate investments tend to outperform stocks and bonds. A recent study showed that investors who bought rental properties saw their net worth increase by 11%.
- No Commissions
Buying a home doesn’t require any commissions. There are no fees for brokers, agents, or lenders. Buying a house is simple, straightforward, and stress-free.
Contact a Trusted Loan Officer in Scottsdale, AZ
You should contact a loan officer if you are considering applying for a home mortgage or refinancing your current mortgage. A loan officer will be able to answer any questions you may have about the process. They can also help you determine whether or not the interest rate on your existing mortgage is high enough to support a new mortgage payment.
Stephanie Simpson from Citywide Home Loans is one of our Trusted Loan Officers we have in contact with in Scottsdale, AZ. She takes pride in providing exceptional customer service and will go out of her way to ensure you are happy with your experience. Her team works hard to stay in touch with you throughout the buying process, keeping you informed of all important updates.
Citywide Home Loans is proud to offer loan programs that help its customers achieve their dreams. They are not just a lender, but also an advocate for each one of their customers. If there isn’t a loan program that fits your needs, reach out to them and let us know. The whole team at Citywide Home Loans will do everything possible to get you approved!