Why Buyers Should Stay in the Game in 2023
Sellers: Prepare for Longer Days on Market in Q4 For Buyers:
When first-time home buyers talk to their parents or grandparents about today’s mortgage rates, they may get a response similar …
For Buyers: Not a lot of changes are happening in the housing market right now. It’s as if both buyers and sellers are in a holding pattern awaiting a sign before making a move. Conventional mortgage rates have held steady …
Mortgage Interest Deduction Saves Money for New Homeowners
Home Values Appreciated 5-7% Since December
For Buyers:While many professionals tout appreciation as the main benefit of homeownership, higher mortgage rates bring another tool into the equation that hasn’t been promoted …
Median Hits $440K, Annual Appreciation Expected to be Positive Again Soon
Traditional Buyers Rebound After Investors Retreat For Buyers:
Last month we reported that the year-over-year supply change will be negative within 6 weeks, and at that time supply was …
Greater Phoenix Losing 246 Listings per Week in 2023
Prices Recovering, Median Up to $425K in May For Buyers:
The sharp decline in supply for Greater Phoenix is a good reason for buyers to have a sense of urgency about …
Supply Down 36% Since October, Dropping 54 Listings per Day in April
Two More Cities in Seller’s Markets This Month, Prices Up 4 Months in a Row For Buyers:
It’s been an eventful 4 weeks, again. Conventional rates …
Accepted Contracts Up 86% in 5 Weeks
Phoenix Back to a Seller’s Market! But It’s Not 2020–2022 Again. For Buyers:
The Spring season is upon Greater Phoenix. February hosts the Waste Management Open and …
Greater Phoenix Officially a Buyer Market, First Time Since 2010
Mortgage Rates Hold the Key to Affordability For Buyers:
Buyer demand has been more reactive to mortgage rates than normal, but that’s to be expected at the rate of increase …
One–by–One, Most Cities in Greater Phoenix Succumb to a Buyer’s Market
44% of October Sales Involve Seller Paid Concessions to Buyer For Buyers:
Greater Phoenix as a whole has been in a balanced market …
More Buyers Got Help With Closing Costs in September
What To Expect for Housing in the 4th Quarter For Buyers:
The price reductions keep coming. Last week when mortgage rates hit 7.0%, the Greater Phoenix housing market re- sponded with …
32% of New Home Sales Had Concessions to Buyers
Mortgage Rate Hikes Cause Drop in Contracts Again For Buyers:
The percentage of closings with seller-paid closing costs continues to grow as August and September to date range be- tween 12-13% …
Seller–Paid Closing Cost Assistance Coming Back
This Price Point is Declining the Fastest in Greater Phoenix For Buyers:
Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June equating …
