Is the Phoenix Housing Market Crashing? 2024 Predictions & Facts Revealed | Living in Phoenix 2024

Is the Phoenix Housing Market Crashing? 2024 Predictions & Facts Revealed | Living in Phoenix 2024
Join us as we dive deep into the heart of Phoenix's housing landscape to provide you with comprehensive DATA instead of DRAMA when it comes to Living in Phoenix and the surrounding suburbs. In this video, we unravel the facts and trends shaping the Phoenix and Scottsdale Real Estate Market. From analyzing current housing prices to forecasting potential market shifts, we deliver clear, fact-based insights that matter to you. Whether you're a homebuyer, seller, or just interested in Phoenix and Scottsdale living, this video is your ultimate guide to understanding what's really happening in the Phoenix housing scene. Don't miss out on expert analysis that could save you time and money when buying a house in ANY market! Subscribe to Everything Phoenix by Kelly Cook for more invaluable insights into living and real estate in Phoenix and Scottsdale. LET'S GO!
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[@EverythingPhoenix]

Thinking of buying or selling a house in Arizona? We’d love to help! 🏡👇

[@michellebrown7465]

I live in southern AZ and the prices are completely ridiculous. A starter home with basic builder grade materials is over $315. Someone would have to pay me to take on that type of debt. We bought a home in Phoenix 13 years ago and got a very good deal. I don't foresee that ever happening again.

[@kevinh468]

There is a huge recession/depression coming, your kidding yourself, thinking that a 6% interest rate will draw more people into the market. Prices and rates will all need to drop before people start buying again. Yet again like all realtors you'd say anything and sell your soul to make a sale!!

[@TimothytheTooth]

I see thousands of homes sitting on the market for over a year now. No one is buying, not even people relocating from other states. All the new developments have also become ghost towns with zero building activity and half finished houses for over a year or longer now. People aren’t buying. Probably because it’s not mathematically possible for people to afford buying. In order to buy a median priced home in AZ now you have to have a minimum of $125,000 income and the median COMBINE HOUSEHOLD income is somewhere around $75,000-$90,000. Also considering there are far less combined incomes now days and far less people getting married and starting families, there is a lot less interest in buying family homes. It’s just not sustainable.

[@kevinh468]

Big thumbs down!!