If you haven't seen our latest National and Phoenix housing market update video, check it out on our instagram "Awntelrealestate" or on our YouTube channel.
Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac all forecast mortgage rates remaining stable throughout 2020.
The Federal Market Open Committee meetings consensus have shown that there is a 96% chance they will remain stable this year. This will cause for home sales to increase. We will, however, likely see smaller increments of home sale increases this year than we did over the past several years.
Just remember, rates have been really low for the last 10 years now. Do you remember when they used to be 6-9% for decades? You may not fully realize the opportunity you have right now. You should consider taking advantage of the investing opportunities, while you have time. It can change your family's life for the better. Check out our buyer and seller reviews online, we have over 70+ available.
With more people moving here to Arizona this year, the growing demand and a limited supply of inventory will cause prices to appreciate. 2020 will be another solid year for real estate.
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Awni and Chantell Abbas
"AWNTEL"
We share strategies, Real Estate investing advice, Insider news & current housing market updates.
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Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
480-788-4118
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