What Does the Rest of the Year Hold for the Housing Market?
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is Likely To Grow There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale
Signs the AZ Housing Market is Slowing Down Quickly
We are seeing signs our housing market is pointing towards a "softening". We aren't talking a crash...just a housing market that is more balanced. There are a number of reasons we are seeing this shift. First, demand is weakening as a result of increasing home prices and mortgage interest rates which has eliminated a number of buyers from the market. In addition, there is a lot of uncertainty about the economy causing buyers to adopt a wait-and-see attitude. In conjunc
MLS Supply Up 45% in 6 Weeks: Rising Interest Rates Dropping Demand Quickly
For Buyers: It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, but all that gain has been achieved over the last 6 weeks with an increase of 45%. This is an enormous change from April’s report where supply was only up 16% over last year and still below the count reported on January 1st. As of this report, the supply count is 7,157, still 72% below normal for this time of year but risi
