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Too many options

by Scott K. Curry | Wed, 08/12/2009 - 11:35am

In the upscale Desert Mountain Golf Club community in North Scottsdale, Arizona there are over two hundred luxury homes for sale and nearly two hundred residential lots for sale.  With options seemingly endless, buyers can demand prices and concessions that use to be out of the question.  For buyers in this market, time is on your side; one could argue this is an incrediable time to purchase luxury for those who can afford it.  
Contact Swing Real Estate Group to get a complete list of opportunities and an indepth look at the luxury market. 

Hundreds and hundreds of luxury homes for sale in North Scottsdale luxury communities

by Scott K. Curry | Thu, 07/30/2009 - 12:58pm

In North Scottsdale, the high end luxury market is certainly not in a recovering mode.  With hundreds and hundreds of luxury homes currently on the market, one could argue the luxury market is in for a long and pronounced down turn.  Things to consider, not all; but certainly a lot of luxury homes are purchased using Jumbo mortgages.  As we all know, the jumbo lending market has pretty much gone away.  If one is able to get a jumbo loan, the terms and rates are certainly not in the borrowers favor.  Additionally, the type of buyer who is buying in this market has se

Office rates drop

by Scott K. Curry | Tue, 07/07/2009 - 4:35pm

Office rates decline by 6.7% year over year this past quarter.  With millions of square feet of sub-lease space in the market and we're quickly approaching a vacancy rate of 19% which hasn't been seen in the market since the early 1990's.  I think people need to be very smart moving forward in the current economic environment. 

Pricing before all else

by Scott K. Curry | Wed, 06/10/2009 - 2:43pm

In referring to real estate, people almost always mention "location, location, location".  However, in today's market, I honestly believe seller's should be thinking "price, price, price" before all else. 

Commercial real estate valuations

by Scott K. Curry | Wed, 05/20/2009 - 12:58pm

We're not out of this by a long shot...  Commercial real estate is in a correction that we all know about, however; there's nothing in the foreseeable future that's going to fix it.  We can all talk about TALF, but no ones can say with any confidence that TALF is the catalyst that is going to save the commercial market.  Seems that most, if not all; are hopeful that TALF works.  Is that any reason to be optimistic? 

high end homes not moving

by Scott K. Curry | Wed, 04/29/2009 - 2:10pm

With high end homeowners losing more than 25-30% of financial wealth over the past 18-24 months, until markets stabilze and babyboomers feel comfortable with their financial retirement; the high end market will remain soft for several more years.