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American Freedom Realty LLC | veronicamueller.realtor Contact us for all your real estate buying and selling needs.

Look at this home. Qualifies for 1st time homebuyer grant program.
3 bedroom 2 baths. Living area is 1097sq. ft.

This home is near Cactus and 31st Ave, listed for $325,000.00

No Homeowners association low taxes.

If you have recieved your TAX REFUND IN THE AMOUNT OF $7250.00 OR MORE. THE WISH PROGRAM FOR 1ST TIME HOMEBUYERS WILL MATCH THAT AMOUNT UP TO 4 TIMES ($29,000.00)

Must have a full time job, most recent tax returns last two years.

Credit score of 600 and above with minimal debt.

PAY LESS IN A MORTGAGE PAYMENT RATHER RENTING AND KEEP MORE MONEY IN YOUR POCKET... HOME WILL BE A EXTENSION OF YOUR WALLET TOWARDS YOUR FUTURE.

# # # ask how you can have your home inspection paid for with a purchase and use of this program # # # #

Call or text today for more information. 602-677-9602/602-703-1353 Ask for Veronica or John

Freedom Realty LLC
Housing Opportunity

Courtesy of HomeSmart

ARIZONA HOUSING MARKET PREDICTIONS 2024

WELCOME HOME GROUP /AMERICAN FREEDOM REALTY
John R. Aguero 602-703-1353 /[email protected] /over 30 years experience. RESIDENTIAL / LANDS/ COMMERCIAL (sales & purchases) WE DO REAL ESTATE DIFFERENT

The data and forecasts show that while there might be minor fluctuations, the overall trend appears to be positive. With an expected increase in home values in major cities like Phoenix and Tucson, it suggests a stable and potentially appreciating housing market.

WILL ARIZONA HOUSING PRICES DROP IN 2024?

Average Home Prices: The average median home price in Arizona is $434,700, up by 4.6% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory.

SHOULD I BUY A HOUSE NOW OR WAIT FOR A RECESSION?

While it's true that recessions can create opportunities to purchase homes at potentially lower prices, it's not guaranteed. Waiting for a recession to buy a house may not be the best strategy as home prices could remain high regardless of a recession. And more likely will!

OPTIONS/COMMENTS

1. The market in 2024 will see-saw (up and down) in reaction to mortgage rates vacillating between high 7% to low 6%, which initiates the watershed for inventory levels and housing affordability. Patrick van den Bossche President, Realty Executives International

2. I don’t expect to see much change at all. Supply will remain anemic, and this will keep sales well below normalized levels, but they should be modestly higher than in 2023. I also expect prices to rise in 2024 but at very modest rates. Matthew Gardner Chief Economist, Windermere Real Estate

3. The interest rate environment has been a challenge in 2022/2023, however, we expect rates to come down in the sixes by Q2 2024. This will bring many buyers back into the market. I predict growth of about 4-6% for 2024. Oleg Bortman Co-Founder and Associate Broker, The Brokery

WHAT HAPPENS TO RENT PRICES IN A RECESSION?
Just because there's a recession or lack of home for sale, doesn't necessarily mean rent prices go down. In fact, during the 2008 recession, it was the exact opposite. (OK pay more rent or buy)?

WELCOME HOME GROUP /AMERICAN FREEDOM REALTY
John R. Aguero 602-703-1353 /[email protected] /over 30 years’ experience. RESIDENTIAL / LANDS/ COMMERCIAL (sales & purchases) WE DO REAL ESTATE DIFFERENT