By Joe Szabo, Scottsdale Real Estate Team
Home values rose in November, up 0.6 percent from October, according to the latest Zillow Real Estate Market Reports. Home values were also up annually, increasing 7.1 percent from November 2012, reflecting a continued slowdown from the summer selling season, when annual home value appreciation peaked at 7.3 percent.
A majority (77.1 percent) of the metros covered in the reports experienced home value appreciation between October and November, with only 95 of the 485 metro areas, or 19.6 percent, experiencing declines. On an annual basis, 88 percent of metros experienced home value appreciation.
Major markets that saw home values edge upward from October to November include the Atlanta, Riverside, Miami and Detroit metros with 1.7 percent appreciation, as well as Tampa and Las Vegas with 1.6 percent appreciation rates.
“The pace of home value appreciation has leveled off and is beginning to slow down after peaking this summer. Much of this year’s rapid growth in home values can be attributed to very strong demand, as low mortgage interest rates, relatively low home prices and a slowly improving economy helped draw buyers into the market,” said Zillow Chief Economist Dr. Stan Humphries. “Those dynamics are now giving way to more moderating influences, including rising mortgage interest rates, flagging investor demand and slowly increasing for-sale inventory. This slowdown in home value appreciation will contribute to a more balanced market and will help to ease some emerging affordability problems in a handful of very hot markets, particularly in California.”
On the rental side, U.S. rents continue to rise, climbing 0.3 percent month-over-month and 2 percent annually. For more information on November’s report, head to the Zillow Research page.
What are home values and rents doing where you live? Dive into Zillow’s data, available all the way down to ZIP code and neighborhood levels, here.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
Home Values Remain Strong in November, Expected to Slow During 2014 By Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team
Home values rose in November, up 0.6 percent from October, according to the latest Zillow Real Estate Market Reports. Home values were also up annually, increasing 7.1 percent from November 2012, reflecting a continued slowdown from the summer selling season, when annual home value appreciation peaked at 7.3 percent.
A majority (77.1 percent) of the metros covered in the reports experienced home value appreciation between October and November, with only 95 of the 485 metro areas, or 19.6 percent, experiencing declines. On an annual basis, 88 percent of metros experienced home value appreciation.
Major markets that saw home values edge upward from October to November include the Atlanta, Riverside, Miami and Detroit metros with 1.7 percent appreciation, as well as Tampa and Las Vegas with 1.6 percent appreciation rates.
“The pace of home value appreciation has leveled off and is beginning to slow down after peaking this summer. Much of this year’s rapid growth in home values can be attributed to very strong demand, as low mortgage interest rates, relatively low home prices and a slowly improving economy helped draw buyers into the market,” said Zillow Chief Economist Dr. Stan Humphries. “Those dynamics are now giving way to more moderating influences, including rising mortgage interest rates, flagging investor demand and slowly increasing for-sale inventory. This slowdown in home value appreciation will contribute to a more balanced market and will help to ease some emerging affordability problems in a handful of very hot markets, particularly in California.”
On the rental side, U.S. rents continue to rise, climbing 0.3 percent month-over-month and 2 percent annually. For more information on November’s report, head to the Zillow Research page.
What are home values and rents doing where you live? Dive into Zillow’s data, available all the way down to ZIP code and neighborhood levels, here.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.




Using just two long shelves high above standard hanging rods, the couple sharing this small walk-in closet faced a nearly impossible task: maintaining a neat and organized closet without any kind of adequate system. They grew tired of folded jeans cascading down on their heads. “The shelf was so high I literally had to throw my jeans up there,” confesses Laura.
To try and fill in some much-needed storage, a dresser was pulled in. It consumed much of the floor space and was awkward to access underneath the volume of their combined wardrobe. A series of bins, baskets and other storage products provided hit-or-miss solutions that didn’t really match their needs.
First order of business for the designer was to carefully measure the 9-foot by 7-foot space. She conducted an inventory of every piece of clothing and pair of shoes. Was there anything that could move out? The suitcases. Anything that should move in? Laura wanted her necklaces next to her clothes. With all the needs and style preferences in hand, the designer began an organizational design. She made sure that everything fit just right and would be accessible.
Ample shelves behind attractive cabinet doors provide plenty of space for folded jeans, sweaters and shirts. A belt rack on the inside of the cabinet door doubles as a necklace organizer. Below, two narrow drawers with locks store Laura’s fine jewelry. The couple chose a dark finish to match the woodwork in other parts of their home, complemented by brushed nickel hardware. The end result is a closet that looks neat, streamlined and perfectly coordinated.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
