As a real estate expert with years of experience in the Arizona market, I am often asked whether now is a good time to buy a home in the state. And my answer is yes, despite the current high interest rates. The market has shifted from being a sellers' market to a more balanced one, with an increase in inventory and potentially more bargaining power for buyers. According to Trevor Halpern, CEO of Halpern Residential, both home prices and interest rates have risen significantly since the start of the pandemic. However, he believes that this year, the market is more favorable for buyers.
This means that if you are considering buying a house in Arizona, now may be the perfect time to do so. But why is now a good time to buy a house in Arizona? Let's take a closer look at the current market trends and what they mean for potential homebuyers.
