Anyone else waiting for the housing market reduction that the fed is trying to drive? Like I am seeing these condos sit on the market for 100+ days at double the price they were 2020 and before. I am about to have to sign another lease to hold out… I was hoping people would get the picture by now and stop letting their place sit on the market forever at a inflated price.

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The inflated prices are trash! I hate what investors and out of staters did to the housing market in Arizona! The average person can’t afford a home now. We met an Uber driver several weeks ago and he is a loan officer. He stated that most people have to make 80k-100k to get approved for homes now a days. But the median salary in AZ is 56k. He has to deny so many people and it’s so sad.

I hope you’ll be able to buy a home in the next year! 🙏🏼

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Lol I make 100k and I can’t get anything decent. still renting for now :/

I am Realtor. What area are you looking in? You man message me your wants, needs and budget. My lender has programs to help with down payment assistance. Regardless of the rates, it is better to earn equity, than pay rent.

funny

How are you going to earn equity when prices are so inflated? Home prices are steadily declining and rent costs less than interest on a 400k house that was worth 200k three years ago and might be worth 200k again soon. Just don’t think this is a great time to buy in phx

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