Don't Look Now--Buyer's Market GoneMedian Price Down Since MayFor Buyers:Last year, traditional buyers took a back seat to an influx of cash investors and speculators who outbid them. Then mortgage
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Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. 1 Consequently, home sellers who enter
Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the
First Buyer's Market Since 2010Mortgage Rates Key to AffordabilityFor Buyers:Buyer demand has been more reactive to mortgage rates than normal, but that’s to be expected at the rate of
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© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose
other than to identify perspective properties consumers may be interested in. Information last updated on February 5, 2023 6:35 AM UTC
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