Read today’s top story: Existing-home sales increase annually in Phoenix, but days on market grows
by Phoenix Agent
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The Phoenix market will continue to rise in 2023!
Mortgage rates will hover around 6-7% until May, when we will rates decline. We will see an uptick in ARM purchases and 2-1 buydowns. Consequently, the number of homes sold will remain low until May.
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The Phoenix market will continue to rise in 2023!
Mortgage rates will hover around 6-7% until May, when we will rates decline. We will see an uptick in ARM purchases and 2-1 buydowns. Consequently, the number of homes sold will remain low until May.