The state of the real estate market in Arizona is inextricably tied to the overall health of the economy. As much as mortgage interest rates may impact buyers' level of engagement in the real estate market, so too does wage and job stability. According to experts at the University of Arizona, the Phoenix economy is proving incredibly resilient, even in the face of rising interest rates. Find out more about what local economists have to say about the health of the Phoenix economy and the expectations for the remainder of 2023.
We are here to help! If you want to find out how much your home is worth in this strong market, email me at [email protected]. We would be happy to help you determine if the time is right for you to sell your home or buy a new home.