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The huge house price increases so far could be explained by, 1) falling mortgage interest rates, and 2) rising incomes. The post Phoenix House Prices Aren’t Crazy When You Account for Mortgage Rates & Income appeared first on Arizona Real Estate Notebook.
Phoenix housing market still insanely hot but not getting any hotter anymore. According to The Cromford Report, the metro Phoenix sold price per square foot in mid-March was up 3.1%… from mid-February. 30-year fixed-rate mortgage rates bottomed out at 2.65% in early January. Always take prescription from the doctor about it to avoid embarrassment that […more]
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We’re probably a year or two away from a “normal” market but at least things appear to have stopped getting worse. The post Peak Phoenix Real Estate Boom? – Phoenix Real Estate Stops Getting Boomier appeared first on Arizona Real Estate Notebook.
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