What’s going to happen to our housing market in the near future?
Prior to the C19 virus.., a leading firm surveyed 100 of the top economist in the country to answer that very question and if you’re a home-buyer, you’ll like what you’re about to hear.
Of the 100 surveyed, only nine thought the housing market would retract in the next two years, and they predicted that the rate of that regression would only be between 7% and 9%. The rest predicted that the market would continue to appreciate—not just through 2020, but throughout the next five years. In fact, some still think that home prices will increase by 47% in that time. Will the bounce back be the 47% (over next 5 years) after the pending vaccine is available, many suggest "yes"
If you combine this study with the fact that we are seeing 18- and 24-month lows in interest rates, it means that homes are more affordable now than they were in 2017. In addition, I work with some of the Best Lenders with the lowest rates; 99% of the time, lower than any rate my clients have been able to find.
This is great news for you, if you are looking on the Sotheby's International Realty Scottsdale-homesforsale.com or ParadiseValleyhomes-forsale.com to find a home for purchase. If you buy now, you can lock in the best interest rate and get the home of you alwyas dreamed of and truly deserve. Our VIP clients never settle; our goal is always to secure you the very best home in your price range, Irregardless of anyt
If you have any adjustment request to your search or you have any other real estate questions, don’t hesitate to reach out to me today. My team and I love to help.
5 star rated- Voted #1 By Client Reviews and awarded many honors by Sotheby's International Realty and Berkshire Hathaway - including the “Circle of 26 Excellence Honor”
Michael Chaisson, Realtor
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