• First haircut in 6 months!
Tell me in the “Comments” what you think.
For U.S. real estate market analysis,
go to Real Estate Decoded.
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.
Note. This post was written on September 13, 2020 but the graphs will be continually updated.
One Response to What Will Be the Impact of Mortgage Forbearance & Eviction Moratorium on Phoenix Real Estate Market?
In response to a comment last week.
Metro Phoenix
Single-Family Houses – Number of non-distressed sales
+9% = Jul 2020 / Jul 2019
-1% = Aug 2020 / Aug 2019
Condos – Number of non-distressed sales
+16% = Jul 2020 / Jul 2019
+7% = Aug 2020 / Aug 2019
You would think that if COVID-19 contagion fears and work from home was driving the market that SF sales would have increased more than condos.
Since condo sales increased more, I’d say lower mortgage rates are driving the market more than COVID-19 issues.