The Phoenix real estate market in 2022 was quite a ride! Appreciation in the first half of the year was followed by falling prices in the last 6 months. The result was that prices at the end of the year were roughly where they began at the first of the year. What happens in 2023 is the speculation that real estate pundits, commentators, and Youtube channels love to embrace. There is no lack of opinions on this subject.
How’s the Phoenix Real Estate Market started off in 2022?
Has the trend of multiple offers within 48 hours waiving appraisals and inspections continued through the first half of 2022? What has the increase in interest rates done to buyer demand in the Phoenix real estate market? And has this affected home sale prices throughout the valley. To find out the answer to these questions, read this 2022 Phoenix market review.
What a year 2021 turned out to be! And now our focus turns to 2022 and what changes we’ll see in the Phoenix real estate market. Predictions are always difficult but identifying the underlying driving factors is a good place to start. Let’s review what happened in 2021 in the Phoenix real estate market and a 2022 market forecast.
We are now entering the post pandemic real estate market and there is a mountain of speculation what it will look like. The word “crash” is used frequently as well as “bubble”. As the economy returns to as normal as it can under the current economic and government policy, buyers and sellers will be anxious to see if there is any balancing in light of what appears to be a severe housing shortage. In this post we’ll review the 2021 housing update and prediction for the rest of the year.
2020 Phoenix Real Estate Market Review & 2021 Forecast
On to another year that will see a change for the better in regards to COVID19! With herd immunity and vaccinations rolling out, there is reason for optimism. How did the Phoenix real estate market fare in 2020? And what can we expect for 2021 with all coronavirus efforts? Let’s do a review of the Phoenix real estate market for 2020. I’ve prepared a video that reviews 2020 and also points out some fundamental metrics such as negative equity and mortgage delinquencies that have been brought on by COVID19. Continue reading to learn more.
Phoenix Real Estate Market Update – First Half 2020
Who could have predicted such a crazy six months as we’ve seen in the first half of 2020. COVID-19 has made everyone sit back and wonder if there is any normalcy left in the world. The pandemic and the associated events have left many wondering how the real estate market has fared. That’s what we’re going to look at in this Phoenix real estate market update for the 1st half of the year. If you are curious, click to find out.
Has the coronavirus or COVID-19 put the real estate market in the ICU?
The coronavirus or COVID-19 has taken everyone by surprise and the effects of this pandemic will not be totally understood for months or years to come. However, we can see the effects of this virus on Phoenix real estate in the past month, and where things will go in the next 30 – 45 days. To understand the cumulative effects and future path, keep reading.
We’re now entering a new decade and putting behind us another year. Every year there are predictions about what is happening in the Phoenix real estate market. Continuing price increases, inventory trends, cash investors displacing first time home buyers, foreclosures creeping up again. These are just some of the topics that everyone with an interest in understanding Phoenix real estate trends would like to know about. If you fall into this camp, keep reading.
If you are wondering how things in the real estate market have started in 2019, I’d like to share some information with you. Are short sales and bank owned properties coming back? How often do sellers contribute toward buyer closing costs? And what has been happening to residential rental lease rates?
Check out the video below to have these and other questions answered.
Was there something that I missed or didn’t get answered? Please let me know and it may be the subject of my next video,.
How 2013 ended and where is the market going in 2014?
The past 2 years have provided Phoenix area homeowners with double digit gains, and the market has been in the sellers’ favor. But with higher prices and more sellers looking to take advantage, the balance between buyers and sellers is shifting. Distressed sales (short sales and foreclosures) which were a favorite of investors continue to see significant decreases. Are foreclosures coming back? Will more houses sell in 2014? How long will it take to sell a home in 2014? Are inventory levels still low? Continue to read for answers to these questions.