If you’re looking for a home in Phoenix, there’s no time like the present. Last week the benchmark 30-year fixed-rate mortgage rates in the area fell to 4.65%, which is slightly lower than the national average of 4.66%.
There are also a lot more homes for sale to choose from right now, so your chances of finding that distinctive home you’ve been looking for are higher. In August 2013 the supply of Phoenix homes for sale was 26% higher than the same month last year. Your dream home may be out there right now! Check out the robust home search tool on my website and start looking now.
Don’t miss out on the opportunity to build wealth in a home either. Home prices in Phoenix have been on the rise. In July 2013 the median price for a single-family home in Phoenix rose 30.3% over the year prior. While the rate at which home prices are increasing is normalizing, now is still a good time to buy as that home you may really want could cost you 10% or more in the next 3, 6, or 12 months. That is 10% that you could have realized in equity if you buy now.
The moral of the story here? Let’s get you in that home you’ve been looking for! I’m happy to help. Feel free to call me at 602.620.6267 or email me.