Luxury Market is as Hot as the Weather in Phoenix August 2023

Luxury Market is as Hot as the Weather in Phoenix August 2023

Scorching Hot Luxury Market

"Until the volume of properties available for sale increases substantially, back to traditional norms recorded pre-Covid, it is unlikely that the luxury market will transition into a true buyer’s market anytime soon." And we are definately seeing that in Metro Phoenix. Download this copy of the Luxury Housing Market Report. Or drill down to this Paradise Valley, Scottsdale and Phoenix Housing Market Report.

 

It's BACK: Mortgage Interest Rate Deduction

Something our children and other homebuyers over the last decade may have never considered is very applicable today: the Mortgage Interest Rate Deduction. With interest rates back to a more "normalized" rate, it can pay to itemize. Wait, What? Watch this month's housing market update  2+1/2 minute video, and always speak to your tax professional. 

 

MARKET CRASH IS A PHYSICAL IMPOSSIBILITY

You can't foreclose on a home with no mortgage, and with nearly 70% of homeowners having 50% to 100% equity in their homes, they are not going to foreclose. According to the Wall Street Journal, U.S. Home Equity has reached the highest level on record.

WORK WITH DENISE AND NORM

In 2022, Van Den Bossche was ranked the #1 Agent for Realty Executives in Maricopa County. She brings 20 years of expertise gained from the commercial and general contracting sector prior to transitioning into residential sales in 2005. She and her husband Patrick, President of Realty Executives International, live in Paradise Valley and have two daughters and one granddaughter. Before partnering with Denise in early 2024, Norm Hampton spent 30 years in the Medical Technology “C-suite.” His corporate career with many complex contract negotiations along with the building and remodeling dozens of homes and investment properties have equipped Norm with a strategic and creative mind towards transactions and an attention to detail that is unsurpassed. Norm and his wife Misty, live in Scottsdale, and have one son and one daughter. Together, Denise and Norm bring 70 years of business acumen to the table. They are both passionate about customer service and will leave no stone unturned for their clients, offering a full range of real estate. They are both passionate about Faith, Family and Fitness.

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