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Phoenix housing market showing signs of cooling off, analyst says

Phoenix housing market showing signs of cooling off, analyst says Phoenix housing market showing signs of cooling off, analyst says A housing analyst says the Phoenix housing market is cooling down. She s noticing more homes on the market as well as prices dropping. PHOENIX - Some Phoenix are pointing to a shift in the Valley housing market, recently known for its high prices as the population quickly increases. A housing analyst said a combination of buyer fatigue and more home sellers have led to a higher inventory of homes and that brings higher hopes for buyers. Tracy Stocklingsky is living at a month-to-month rental in Chandler after making offers on 15 houses and not having any of her offers accepted.

Valley real estate company asks potential tenants to bid on home for rent

Valley real estate company asks potential tenants to bid on home for rent Hearing of a bidding war when it comes to homes for sale is nothing new, but bidding on homes for rent? That s what it has come down to in Arizona. and last updated 2021-06-29 13:50:43-04 PHOENIX — We ve heard of a bidding war when it comes to homes for sale, but bidding on homes for rent?? That s what it s come down to in Arizona with a hot housing and rental market, with not enough inventory to keep up with the current demand. Natasha Smith encountered a real estate company that asked potential renters to submit their best and highest offer of what they could pay for the monthly rent. She bid about $2,100 which is $700 more than she is currently paying but still lost out to a higher bidder.

Luxury home market booms; low supply, buyers flush with cash are factors

Luxury home market booms; low supply, buyers flush with cash are factors
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Boom or bubble? How long will Phoenix s hot real estate market last

Boom or bubble? How long will Phoenix s hot real estate market last After the 2008 real estate crash led to a global downturn, are we in for something similar? Experts say no for now. Author: Tram Mai Updated: 10:26 PM MST May 5, 2021 PHOENIX With home prices going through the roof right now, it’s hard not to get flashbacks of what happened in 2008, when the housing market crashed after years of a housing boom.  It was one of the worst times in U.S. financial history and many are concerned it could happen again.  Back then, too many people had taken on loans they couldn’t afford and banks were willing to provide them. 

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