It is still a good time to buy in this market.
Anyone who’s even halfway interested in the housing market has this question on their mind: Is right now still a good time to buy? I’ll answer that question and more in today’s video. Activity is starting to curtail in our Phoenix market. Additionally, the supply and demand imbalance is starting to level out a bit.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
0:00—Introduction to today’s topic
0:50—The frenzy has died down, but prices will continue to increase
1:41—Why it is, in fact, still a good time to buy
3:40—The No. 1 thing you can do to hedge against inflation
4:25—Lending practices have tightened
4:45—Affordability has increased
6:14—It’s actually cheaper to buy right now than rent
6:57—The influence of economic growth and annual median income
7:27—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help.