RealtyHop Housing Affordability Index: September 2022
Three Arizona cities are in the top 25 least affordable cities.

Affordability has been a problem for the past three years.
We’ve seen parts of the Valley appreciate as much as 100% during this timeframe.

Right now, there’s a lull in the market; some communities will actually see depreciation; inventory is the highest that it has been within the past three years. But this is temporary; when rates drop – and they will – more Buyers qualify, more Buyers purchase a home, and then prices start moving upward.

Rates are climbing, I know; I originate loans, too. But if you have to eat ramen for the next two years while waiting to refinance your mortgage, so be it. MAYBE, you’ll have a stellar broker like ME who negotiates a 2/1 Buydown, so the Seller subsidizes your first two years’ mortgage payments.

Let’s game plan – let’s talk about the market and how you can finally get into a home.
Call or message me today to discuss options.
I am your One-Stop for Real Estate and Mortgages.
Schedule a Free Consultation:
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Source: RealtyHop https://lnkd.in/gMtAp3Sy

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