What does it mean for Arizona real estate?
Here’s my speculation;
- Interest rates will go lower as investors move from stocks to bonds and the Fed may make a rate cut.
- Housing prices will continue their sharp decline even though previously the declines were starting to lose some momentum.
Sweet Spot for Arizona Real Estate?
We may be looking at an unusually good scenario for home buyers in coming months with both low home prices (at least in some areas) and low interest rates.
However, only those who have good credit and a large down payment will be able to borrow money to buy a home.