Luxury Market is as Hot as the Weather in Phoenix August 2023
(Published on - 8/8/2023 1:52:07 PM)
Scorching Hot Luxury Market
"Until the volume of properties available for sale increases substantially, back to traditional norms recorded pre-Covid, it is unlikely that the luxury market will transition into a true buyer’s market anytime soon." And we are definately seeing that in Metro Phoenix. Download this copy of the Luxury Housing Market Report. Or drill down to this Paradise Valley, Scottsdale and Phoenix Housing Market Report.
It's BACK: Mortgage Interest Rate Deduction
Something our children and other homebuyers over the last decade may have never considered is very applicable today: the Mortgage Interest Rate Deduction. With interest rates back to a more "normalized" rate, it can pay to itemize. Wait, What? Watch this month's housing market update 2+1/2 minute video, and always speak to your tax professional.
MARKET CRASH IS A PHYSICAL IMPOSSIBILITY
You can't foreclose on a home with no mortgage, and with nearly 70% of homeowners having 50% to 100% equity in their homes, they are not going to foreclose. According to the Wall Street Journal, U.S. Home Equity has reached the highest level on record.
One thing remains constant and is even more true than ever: Your Home Equity is a significant asset in your portfolio and you deserve expert guidance. Is Now a Good Time to Buy or Sell a Home? Call Denise 602-980-0737, celebrating 40 years in Metro-Phoenix Real Estate. Ranked #2 WORLDWIDE in Solo Agent Production for 2022 at Realty Executives International, one of the oldest and largest brands in residential real estate.
