TIRED OF RENTING?
GOOD NEWS ABOUT THE HOMEBUYERS MARKET IN AZ

TIRED OF RENTING?
GOOD NEWS ABOUT THE HOMEBUYERS MARKET IN AZ

You’ve been renting for a year or two. Perhaps you’ve been playing around with the idea of buying. But you’re afraid you simply can’t afford it. After all, renting is cheaper than a mortgage, isn’t it? And isn’t the Arizona housing market unstable?

“Fact is, with rents on the rise and the Arizona housing market on the mend, there’s never been a better time to make the move.”

Rest assured, buying a home in Arizona is a smart financial move.

Consider this: Phoenix is in the top five for fastest rising rents for cities in the U.S.According to RentCafé®, a nationwide rental listing service, renters are paying on average $955 for an apartment in Phoenix—that’s a 5% increase compared to the previous year.2 What’s ahead for renters? Higher rents are on the horizon due to higher demand, as Maricopa County continues to attract corporate headquarters and snowbirds with a fairly low cost of living and low taxation.

As a renter, you can continue to shell out even more money next year without any assets to show for it, or you can pay less with a deed in hand. Property data warehouse ATTOMTM Data Solutions crunched the numbers in its 2017 Rental Affordability Report and found that buying is more affordable than renting in 66 percent of U.S. housing markets, including Maricopa County (Phoenix).3

ON THE MARKET – WINDGATE RANCH IN SCOTTSDALE

But just how stable is Arizona since the bubble burst?

“The housing boom started in 2004 and went well into 2005. Metro Phoenix’s housing market, however, hit bottom in 2011—until 2017. Last year was considered healthy for Valley’s home sales. “Only 2004, ’05 and 2011 were better years for home sales, and those weren’t normal years,” says Tina Tamboer,4 senior housing analyst with the Cromford Report, a go-to publication for insight into the Phoenix metropolitan area residential re-sale real estate market.

Fact is, with rents on the rise and the Arizona housing market on the mend, there’s never been a better time to make the move. As an accomplished REALTOR® and local area expert, I take great pride in helping first-time homebuyers realize their dream of homeownership in Phoenix and throughout Maricopa County.

“Phoenix is in the top five for fastest rising rents for cities in the United States.”

I am the #1 Buyer’s Agent for the #1 Agent at Realty Executives and the #3 Agent in Scottsdale, drawing from years of experience in finance and real estate, and as a business owner in the sports and entertainment business. I’ve built a reputation with my “customer first” approach, and proven ability to guide buyers to obtain the best price for their dream home.

Give me a call today for a complimentary, no-obligation evaluation of your situation — you may be closer to homeownership than you think.

858.775.5422

ON THE MARKET – WINDGATE RANCH IN SCOTTSDALE

2018-12-06T13:50:53+00:00