And it turns out the number of New Contracts accepted 2 weeks ago was HIGHER than the same week last year!
Prices Not Rebounding Much for Houses Under 2,500 Square Feet!
I don’t really know what’s going on here.
A Year and a Half of NEGATIVE Real Mortgage Rates!
No wonder prices left orbit.
This is the most important graphic for explaining the low number of sales. The Real Mortgage Payment Price is higher now than at the top of the last bubble in the mid-2000s.
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.