Sellers BEWARE: Nearly Half of Phoenix Listings Are Failing
The Phoenix housing market is seeing 4 in 10 home listings are failing right now. In this week’s market update, I break down why the listing success rate has dropped, what lower mortgage rates could mean for buyers and sellers, and why big investor Grant Cardone says a house is not an investment.
We’ll cover:
Current listing success rates in Phoenix
The impact of rising cancellations on sellers
How mortgage rates and the Fed’s decisions could shape the fall market
Why some investors say homeownership isn’t an investment
Key opportunities for buyers in today’s market
Whether you’re thinking of selling or buying in Phoenix, this update gives you the facts you need to make informed decisions.
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Caitlin McKeague
Broker Associate BRBR679010000