How's the Market? 










Hello!  It has been a little while since we have talked about what's happening in the Phoenix market and I decided to reach out. It’s been a wild few years in our world with the impact of COVID-19. There’s a lot of information being distributed in the news and social media. My goal is to help you sort through it and help you understand what it means for you. Over the past couple of years the Greater Phoenix area experienced increased buyer demand and historically low housing inventory, ie., a strong sellers market. Over the last 6 months we have slowly started to see the trend changing.   As I type this message, the available housing inventory has doubled compared to last quarter.  The rise in mortgage rates along with seasonality are currently identified as the primary cause of this shift.  Something to keep in mind as you absorb this information is that EVERY scenario is different.  The m ...