Beginning of Phoenix Buying/Selling High Season
Although rates had been forecasted to rise throughout 2019, current rate forecasts have become less certain.
The New Year and the Phoenix Real Estate Market
For 2019 we start the new year with one of the lowest available resale inventories in a long time
Supply of Listings on the Rise
Just like last month, there has been a definite improvement in available supply.
Monitoring the Slight Cooling in the Market
Phoenix home prices have flattened and appreciation appears to be slowing.
Gradual Market Slowdown
The residential real estate market has continued to slow gradually, due mostly to rising interest rates and prices.
Let’s talk about interest rates
This week, Freddie Mac reports that interest rates for 30-year home loans rose to 4.9%. That is up .19% from just last week.
Phoenix Real Estate Market Update
While still a seller’s market, available resale inventory in the greater Phoenix area continues to increase, and price appreciation has either paused or moderated.
September Mid-Month Market Update
The strongest selling season is right around the corner.
