Phoenix Housing Supply Just Saw Its Biggest Jump in Months
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Phoenix housing supply just surged — the biggest increase we’ve seen in months. At the same time, mortgage rates have dropped to the lowest level in nearly a year, and a weak jobs report is raising new concerns about the economy.
In this week’s Phoenix housing market update, we’ll cover:
Why new listings are climbing so fast 📈
How falling mortgage rates could shake up both buyers and sellers
What the weak jobs report means for the housing market 📰
Why homeownership is starting to decline for the first time in a decade
If you’re planning to buy or sell a home in Phoenix, these shifts could directly impact your strategy.
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Caitlin McKeague
Broker Associate BRBR679010000