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What’s your latest thoughts on Phoenix. I’m thinking of selling with all the U.S. debt and I believe devaluation coming of the U.S. Dollar. However , I have gone on Zillow the last 3 weeks and my house has gone from $274,000 to $276,000 to $279,000. Realtors are telling me they are bidding on houses again. Do think this will continue for some time or are we looking at a correction soon.

Tenant Asked on August 13, 2020 in Real Estate.
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Phoenix is red hot …in SF, hot in condos…

New home market is running out of lumber..

 

The million dollar question? The 2nd round of virus…, election. antifa

No one has the answer.

We projected higher prices on radio…

but expected higher prices not this soon.

 

Enjoy the  ride…If you want to sell do it before September…

if Biden wins…virus comes back…prices will settle back

 

Long terrm?

 

Al prices will be higher tears from now…inflation (review Ozbuzz.ca blog 39

Note Ace realtor comments:

Hi Ozzie,

I hope your August is off to a great start!  The momentum in our local real estate steamed right through July and into August.  We’re experiencing record low single family residential inventory in Maricopa County with just 4,670 homes listed active today.  To put that into perspective, if not another home came to market the single family housing inventory would be ZERO by September 1st.  It really is a perfect storm – record low interest rates, record high rental rates, nation leading population growth and very little inventory.  To see learn, please click through our Monthly Market Report below:

The median Days on Market as of this morning is SEVEN, meaning that half of all homes that go to market sell within the first seven days.  If you’re considering selling your home or just curious to what the value might be visit My Home Value Finder for a quick and free value estimate.

As always, if we can help you in any please don’t hesitate to reach out.

Sincerely,

Shannon Cunningham, Team Leader/Realtor
The AZ Performance PLUS + Team
of Keller Williams Professional Partners
C 602-330-3025

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Guru Answered on August 15, 2020.
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