Phoenix Real Estate Market Update- November 2016

    Home sales are up, interest rates are up, the stock market is up, fake news is up and speculation as to what it all means is up. Oh, and by the way, a presidential election took place but let’s pump the brakes for a moment on tying it all together.

    For the last month, regardless of what I read, everything seemed to be filtered through post-elec on goggles designed and engineered by pre- elec on beliefs. In STAT this month, we are going to ignore the clatter and focus on two metrics which we think are related:

    -A 28.1% increase in year-over-year sales volume and a 19% increase in mortgage rates. Click Here to read the full report!

    Feel free to reach out to any of our agents for a deeper look at what’s happening to the cities or areas you like!

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