1. Low Mortgage Rates. Loan payments are affordable due to low interest rates, pushing housing accessibility higher, which has helped to offset our rise in prices. 2. Rent is High. It’s often cheaper to buy than lease as rents have been on the rise and are predicted to continue to rise in most Phoenix area housing sub-markets. For example, Gilbert had the second largest percentage apartment rent increase in the nation. 3. Rental Inventory is Shrinking. In the Phoenix metro area rental inventory is tight outside of the luxury segment, with affordable single family homes increasing hard to find. If you are interested in buying a home in the Valley of the Sun, contact us to find out what you need to purchase now.
3 Reasons to Buy a Phoenix Area Home Now.
by firstname.lastname@example.org | May 18, 2021 | Home Buying, Renters and Renting | 0 comments