The Cool Down- Follow Up

Thank you to everyone who read my latest post, The Cool Down, and for sending me your questions and comments.  I think we are all so ready for the market to shift and for things to become a bit easier for buyers, however, I want to make sure to say, we are a long way from a balanced market.  The “cooling” of the market is really from scorching-hot-sellers-market down to hot-sellers-market; it’s just an observation from the statistical models and personal experience day to day I think is valuable information to share whether you’re a buyer or seller.  

To answer some of the most frequent questions-

1. Yes, I do think it’s still a good time to buy, even though it’s a bit frustrating- rates are still historically low and even with a cool down, prices are not expected to fall.  

2. No, demand hasn’t slowed, I think some buyers are sitting on the sidelines after having too many disappointments over the past 6 months- “Buyer Burn Out,” but these buyer’s will return to the market soon.

3. Yes, I do think that another major spike of Covid-19 and potential shut down will impact our market- but if we look at what happened last year, it will only mean more people moving to the valley, more demand and less supply- so we may see that cycle again.

In conclusion, if you are in the market as a buyer, keep plugging away!  It will happen, there will always be another house!  If you are a seller, try to let go of the timing of the market, if you have a need to sell, definitely do and hire a Realtor to make sure you are well taken care of and get the most for your home.
If you are starting out or looking for a change, contact me anytime.

Written by: Misha Renteria

That Special Something

May 24, 2022

Not every home is special. There, I said it! Some;...

Read More

Elevate Your Space- Making an Entrance

July 15, 2022

An entryway is your home’s first impression- you have just;...

Read More

Afternoons Studio

November 22, 2022

2811 N 7th Phoenix, AZ 85007 | A natural;...

Read More

Market Update- November 2022

November 13, 2022

One–by–One, Most Cities in Greater Phoenix Succumb to a Buyer’s;...

Read More
%d bloggers like this: