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November 2019 Phoenix, AZ Real Estate Market Update
’Tis the season for a BRAND NEW market update! Learn why we’re having the best 4th Quarter we’ve ever had, what the average home price is today, how to differentiate yourself from other buyers, and take an in-depth look at the new loan limits. Here’s a quick recap:
– Buying season has been extended.
– Over 7,000 sales – down 11% from last month.
– Average home price has increased $20,000 since last year.
– If everything holds constant, we may see more bidding wars in 2020.
– Gen Xers are staying put much longer – upwards of 13 years.
– Builders are planning to build more starter homes and less luxury properties.
– FHA is giving more options for purchasing condos.
– China and US announced a halt to the trade war.
– NAFTA 2.0 is looking to get approved.
Stay tuned next month when we gear up for our 2020 Bold Predictions podcast!
Support JFQ Lending, Inc.: https://jfqlending.com/
Watch On YouTube: https://youtu.be/-CBI4v7f4aQ
Thank YOU for listening to Danny Brown Talks Phoenix!
Visit Our Website: www.myriadaz.com/
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By Danny Brown Talks Phoenix
4.3
33 ratings
’Tis the season for a BRAND NEW market update! Learn why we’re having the best 4th Quarter we’ve ever had, what the average home price is today, how to differentiate yourself from other buyers, and take an in-depth look at the new loan limits. Here’s a quick recap:
– Buying season has been extended.
– Over 7,000 sales – down 11% from last month.
– Average home price has increased $20,000 since last year.
– If everything holds constant, we may see more bidding wars in 2020.
– Gen Xers are staying put much longer – upwards of 13 years.
– Builders are planning to build more starter homes and less luxury properties.
– FHA is giving more options for purchasing condos.
– China and US announced a halt to the trade war.
– NAFTA 2.0 is looking to get approved.
Stay tuned next month when we gear up for our 2020 Bold Predictions podcast!
Support JFQ Lending, Inc.: https://jfqlending.com/
Watch On YouTube: https://youtu.be/-CBI4v7f4aQ
Thank YOU for listening to Danny Brown Talks Phoenix!
Visit Our Website: www.myriadaz.com/