Senior Loan Officer (20 years experience)
This has been a great tool to manage values and look at our home as an asset. I am interested to learn more ways to use the program!
Nice break. It may give some opportunity for buyers without the frenzy. Phoenix is on the list but looks stable from 2017 to 2018. Their data shows 25% of the homes selling in Phoenix over the last 2 years have received multiple offers.
This is sad! With all of the programs available we can help first time buyers with as little as 3% down. They can also use gift funds from family and there are assistance programs in Arizona that will cover the down payment. What would that same home cost 20 years later!?!
Positive outlook for home sales and stable values in '19 from the Mortgage Bankers Association due to low unemployment and bigger pay checks. Fratantoni the chief economist also sites the pause in home value growth as healthy for the market.
Many new buyers in the next 5 years