PHOENIX METRO AREA: October Market Update

October Market Update:

Many of you probably feel this market is more of a trick than a treat, am I right? If you have been considering a move and have been paying attention to interest rates, it can definitely feel a bit scary. One thing you should keep in mind is that there are many different solutions that some lenders have to help buyers with good credit get lower rates. And prices of homes are not falling, they are still climbing. So if you want or need to move, it’s important to partner with a seasoned real estate agent who can connect you with lenders that can help. If you are thinking of selling and don’t want to give up your crazy low rate, just know as soon as rates drop (which they will.. we just don’t know when) there could be a flood of inventory back on the market making it more competitive for you to sell. There are pros and cons to every decision, but if you want to sit down and talk through options and strategize your next move, give me a call!