This Market is ON FIRE!🔥
- astepienhomes
- Sep 17, 2020
- 1 min read
Just when you thought real estate couldn't get any crazier, it does! In Phoenix, as well as much of the country, the housing inventory (that's the number of homes that are actively for sale) is extremely low. This is great news for sellers, because low inventory typically means top-dollar sales, with probable multi-offer situations and bidding wars. You would think that this alone would deter buyers from even bothering, but in swoops the Fed and lowers mortgage rates to an all-time low, and BAM! Buyers are in the game, and they're in it to win it. I am seeing my sellers having their pick with more than one offer coming in and in record time, and buyers getting more creative and competitive with their new-found buying power. The article below discussed the lowering of interest rates, and how the market is affected.
If you're ready to sell, let's put your biggest asset to work for you. Buying? No problem! Put me in, Coach...I'm ready to play!
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