Many of you who own Russ Lyon Sotheby’s homes like to take out a home equity line of credit for home improvements or maybe new furniture. But interest rates are going up and that’s going to impact the amount you owe on your home equity line of credit.

While …

Since the presidential election, interest rates have gone up. And that has impacted home buyers at Russ Lyon Sotheby’s. Some are still home shopping due to fear of rates going up even higher in December. Others have dropped out of the market. 

Rates on a 30-year fixed loan …

For two months in a row, existing-home sales in the U.S. are up according to the National Association of Realtors (NAR). They even surpassed June’s cyclical sales peak to become the “highest annualized pace in nearly a decade.” That’s obviously good news at Russ Lyon Sotheby’s.

Total …

Millennials like to have fun and love urban living. But many are leaving the fun behind and moving to neighborhoods such as Terravita Scottsdale due to high prices in top cities. 

Only 17-percent of home buyers under 35 closed on urban residences, down from 21-percent from the year …

It’s a long, tedious process for first-time home buyers. They’re struggling to save for a down payment while paying off student loans, applying for a mortgage, and then finding a home they can afford when there are not a lot of properties on the market to choose from. As a …

As the U.S. housing market continues to improve, sale prices continue to grow as buyers are waiting for more inventory to open up. More importantly, at Russ Lyon Sotheby’s, buyers are wondering if the seller’s market is over?

The answer is yes and no. It looks like the real …

As the housing market continues its recovery, at Sotheby’s Phoenix, we can thank veterans for a large part of that. In fact, millennial vets helped set a record year for home loans. The Department of Veterans Affairs says the VA loan program in fiscal 2016 that ended September 30, backed …

So, you’re ready to sell you’re Cactus Acres home. The market is good. Housing demand is rising. But there’s just one snag. The one thing you need in order to close is hard to find and that’s an appraiser. The people who value homes are shrinking in numbers.  And …

As we get into Fall, you might be wondering if it’s a good time to be looking for a home. At Sotheby’s Scottsdale, the housing market is strong, like it is around the country. 

New single family home sales surged in July, reaching their highest level since October …

Terravita Scottsdale is a great place to buy a home for an investment. Obviously, when buying a home, there are many tax benefits, with the most important being the exclusion of up to $500,000 profit made on the sale of a home, such as ones in Terravita.

But …