Welcome to the September 2024 Arizona Market Update!

In this video, I’ll break down the latest real estate trends, housing market updates, and opportunities across the state. We'll dive into key market shifts, like the rise in listings under contract and what it means for homebuyers and sellers. I’ll also discuss how recent interest rate changes are affecting mortgage rates and why timing the market can be trickier than many think.

You'll get insights into the most active cities, such as Fountain Hills and Paradise Valley, and how other areas like Phoenix, Mesa, and Chandler are performing. Whether you're looking to buy or sell, I’ll highlight how these shifts are creating opportunities in the move-up market, and what savvy buyers need to know as supply continues to grow.

In addition, I’ll debunk common housing market myths—especially around the impact of political changes on real estate—and explore why recessions often signal a market rebound, with lower mortgage rates and stabilized home prices offering prime buying opportunities.

Whether you're planning to list your property or find the perfect home, September and October are critical months. This update will help you navigate the Arizona market confidently and make informed decisions, especially as we move into the final quarter of 2024. Don’t miss out on these valuable insights—subscribe now for more updates!

00:00 - Introduction
00:31 - Key Market Overview: Signs of Improvement in 2024
00:59 - Rise in Active Listings: Move-Up Market Insights
01:22 - Mortgage Rates Update: Impact of Federal Reserve Cuts
01:55 - Why Timing the Market is Difficult
02:07 - Top Performing Cities: Fountain Hills & Paradise Valley Surge
02:22 - Struggling Markets: Phoenix, Peoria, and Chandler
02:41 - Opportunities for Homebuyers: Increased Supply, Lower Demand
03:54 - Selling Your Home: Why Now is the Time
04:28 - Luxury Market Trends: Performance and Predictions for Q4
05:02 - Debunking the Myth of Political Impact on Housing
06:27 - Conclusion: Real Estate is a Long-Term Game

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@theravenscroftgroup

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