[MUST WATCH] Home Values About To Crash? | Home Values in Phoenix Arizona | Phoenix AZ Real Estate
Channel: Living & Loving Phoenix By Gordon Hageman
Date: 2023-10-21

Historical Trends:
To begin, it's crucial to acknowledge the historical data. Over the last 70 years, Phoenix Metro has seen home values rise in 73 out of 75 years. Impressive, right? The only exceptions were the tough years of 2007 to 2011, during the economic downturn. Now, considering this track record, is it wise to bet against the champ?

Current Market Analysis:
As we assess the present scenario, it's evident that the market is unique. Home values aren't likely to plummet. Why? There's a shortage of supply, and builders haven't kept pace with the demand. Despite high-interest rates, homes are still selling. This scarcity of supply suggests that a significant drop in home prices is unlikely.

Looking Ahead:
So, where are home values headed in the future? The consensus is that they won't decline. Projections vary, with estimates ranging from a 2% to 5% increase in the coming year. Looking further ahead, predictions indicate a continued upward trend over the next five years. Considering Arizona's historical trends, these estimates might even be conservative.

The Reality of the Market:
It's essential to acknowledge that the market won't mirror the unicorn years of 2006-2008 or the recent surge in 2020-2021. While those periods saw extraordinary spikes in home values, they were outliers. Realistically, a gradual and sustainable market is preferable for long-term stability.

The Impact of Interest Rates:
Interest rates play a crucial role in shaping the real estate landscape. Although current rates might seem high, it's vital to recognize that they are subject to change. Buying a home remains a recession-proof investment. Monthly payments remain consistent, offering stability even during economic downturns. If rates decrease, refinancing becomes an option for a more favorable outcome.

Timing the Market:
The current slowdown in some areas is an opportunity for buyers. Locking in home prices now and waiting for potential interest rate decreases can be a strategic move. As history has shown, when money becomes more accessible, the market sees increased activity, driving home prices upward.

In conclusion, waiting for the "perfect" market might not be the best strategy. The Phoenix Metro housing market has proven resilient over the years, and the current slowdown could be a brief pause before the next surge. Stay informed, listen to reliable sources, and, most importantly, consider the long-term benefits of homeownership. It's not about timing the market perfectly; it's about making informed decisions for a stable and prosperous future.

⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
🤔Thinking of Moving to Phoenix Arizona?🌵
📱 Call or Text 480-498-3334
📨 Email: Gordon@AZ1HomeSearch.com
⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️

🆓 FREE RESOURCES:
🚚 Phoenix Arizona Relocation Guide: Coming Soon
🚰 Connect ALL Your Utilities At Once When You Move! Coming Soon
💰 What Is Your Home Worth? https://bit.ly/Tell_Me_My_Homes_Value
======
📝 Preferred Arizona Mortgage Partner: Coming Soon
======
🤠 Our Website: https://bit.ly/Arizona1MLS
======
⭐⭐⭐⭐⭐ Our Client Testimonials: https://bit.ly/Our_Clients_Testimonials
======
▶Subscribe 👉 https://bit.ly/Arizona1RealEstate
======
If this is your first time to this channel, and you want to know everything about eating, sleeping, working, playing, the good, and the bad of living in Phoenix Arizona, then subscribe▶ and tap the bell🛎 for notifications so you can be the first to know about the current market in Phoenix Arizona 😁     
======
Follow Us On Social Media:
📲 FACEBOOK: https://bit.ly/3P2VPDi
📸 INSTAGRAM: https://bit.ly/45wdNDF
🔗 LINKEDIN: https://bit.ly/3QHMm5x
======
**Most stats and data mentioned came from the following sites and are not based on our opinions:
Best Schools: https://www.greatschools.org/arizona/...
More About Phoenix: https://en.wikipedia.org/wiki/Phoenix...
Census Data: https://www.census.gov/quickfacts/pho...
Neighborhood data: https://www.niche.com/places-to-live/...
*All stats, data, house pricing, and anything else mentioned are always subject to change and are provided merely as an example at the time of this recording.
====== 
Gordon Hageman Phoenix Arizona Real Estate Agent
Brokered by REAL
======
🏠 REAL ESTATE AGENTS! 📈 WE ARE EXPANDING! 
To discuss partnering: 
Gordon@az1homesearch.com 
or
Call/Text 480-498-3334
======
FTC Legal Disclaimer - Some links found in the description box of my videos may be affiliate links, meaning I will make commission on sales you make through my link. This is at no extra cost to you to use my links/codes, it's just one more way to support me and my channel! :)