Mortgage Rate Hikes Cause Drop in Contracts Again
For Buyers: The percentage of closings with seller-paid closing costs continues to grow as August and September to date range between 12-13% of total sales in Greater Phoenix, inching closer to the normal range of 25-28%. Areas on the outskirts, such as Casa Grande, Maricopa, Coolidge and San Tan
MLS Supply Up 45% in 6 Weeks, Rising Interest Rates Dropping Demand Quickly
For Buyers: It’s the moment you’ve been waiting for, less competition and more supply in Greater Phoenix! Active supply is up 40% from this time last year, but all that gain has been achieved over the last 6 weeks with an increase of 45%. This is an enormous change from April’s report where supply w
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Mortgage Rate Hikes Cause Drop in Contracts Again
MLS Supply Up 45% in 6 Weeks, Rising Interest Rates Dropping Demand Quickly
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