The S&P/Case-Shiller Home Price Index for 20 metropolitan areas rose 2.7%, exceeding the forecasted 2.6% and the previous 2.5%, indicating a strong housing market. This increase reflects steady demand, low mortgage rates, and limited supply, contributing to economic growth. However, concerns about affordability and a potential housing bubble remain, emphasizing the need for ongoing monitoring of market trends.
A bipartisan bill aims to double the capital gains tax exclusion for home sellers, increasing it from $250,000 to $500,000 for singles and from $500,000 to $1 million for married couples. This change, frozen since 1997 despite rising home prices, could encourage longtime homeowners to sell, boosting housing inventory and addressing affordability concerns. The bill has gained support from about one-third of Congress.
Scottsdale remains the strongest housing market among 18 Phoenix-area communities despite a regional slowdown. Its market index was 144.2, indicating a sellers' market, though down 9% from the prior month. Median home prices rose 4.3% to $1.2 million, with closed sales up 2.2%, but pending sales dropped 40.2%. Inventory is limited, supporting prices, but buyer demand is weakening, increasing concessions and buyer leverage.
Scottsdale, Arizona, will host the Kimes Ranch Million Dollar Breakaway at WestWorld of Scottsdale from November 26 through November 28, 2026. The Thanksgiving-weekend event centers on championship breakaway roping and offers a local opportunity to enjoy major competition close to home.
Top female ropers will compete for a $1 million purse, giving the event a strong championship focus. In addition to the roping action, attendees can explore shopping, food, and family entertainment throughout the event.
Tickets are listed at roughly $136 at the high end, so attendees should review current event details before making plans. For Scottsdale residents and visitors, this event adds another option to the local calendar during Thanksgiving weekend.
If you are considering a move near Scottsdale, Arizona, community events can help you learn more about the area’s lifestyle and attractions. Message me to talk about your move.
The “11th hour of the 11th day of the 11th month" of 1918 signaled the end of World War I.
It's honored as Veterans Day to remember the men and women who have served, and continue to serve during times of war, conflict and peace.
Salute to all heroes, and thank you for your service.personnel who served the United States in all wars, particularly living veterans.
To those in uniform serving today and to those who have served in the past, we honor you today and every day.
For your service, your bravery and your hard work, we thank you.
Paradise Valley, AZ saw a strong summer for home values from June to August 2026. Median sale prices rose 4.2% year-over-year, while median list prices jumped 9.4%. Price per square foot also surged, signaling robust demand for luxury homes. Sellers are well-positioned to capture top dollar in this market.
Paradise Valley’s 85253 ZIP hit No. 30 nationally at a record $3.6M median sale price, remaining Arizona’s priciest ZIP for an eighth straight year.
Unlike some ultra-luxury enclaves, Paradise Valley’s median was backed by broad activity, with >350 residential sales supporting its national standing in 2026.
Paradise Valley was Arizona’s only ZIP in the national top 100 and joined an exclusive group of 52 ZIP codes with medians at $3M+.
The results underscored continued luxury-market strength in Paradise Valley, where buyers and sellers navigated changing economic conditions while the community set a new pricing record.
Importantly, the ranking used closed residential transactions rather than asking prices, showing Paradise Valley’s standing was built on completed deals, not seller expectations.
