Iletha Edwards

MARKET UPDATE

Current Situation:
Home Prices Are DROPPING!!! 😲😲😲

According to a recent news release by Arizona's Family (3TV and CBS5), home prices in the Phoenix Valley are dropping! Yes, you heard that correctly!

The report states that average home prices are down more than $50k compared to last year.

Bottom Line:
Some agents now believe that we are in a Buyer's market. Due to the high interest rates, sellers are bargaining more to allow buyers to put down more money on their mortgages.

I'd love to hear from you guys! 😃 How do you feel about buying a home right now? What are some of your concerns? Let me know in the comments below!


Source: https://www.azfamily.com/2023/06/13/phoenix-area-housing-market-corrected-low-inventory-creating-competition/

Phoenix-area housing market corrected, low inventory creating competition Median home prices are down more than $50,000 from this time last year.

Down Payment Assistance Is Here!

If you've caught yourself daydreaming about buying a new home—you know, one with a sink that works properly, a big backyard, and, oh yeah, a MAN CAVE—but only to become dismayed when you thought about how you would be able to afford a new house—I have great news for you!

There is downpayment assistance available. Yes, some requirements need to be met, but don't let that discourage you!

Just give me a call 📞, and I can get you on the right track to finding the help you need to purchase your next home!

✦✦✦
Iletha Edwards, (443) 987-8404
Arizona Realtor

Are Sky-High Mortgage Rates Scaring Away Buyers?

7.05% is enough to make any homebuyer RUN, or at least rethink whether now is the right time to purchase a home.

But is there nothing that can be done?

I can help you devise a strategy for buying a home, even amidst these terrifyingly high interest rates. This could ease your anxieties about buying a home right now.

If you’d like to find out more, I’m only one call away! 😎

You've been sitting on the fence way too long. 🤦🏾‍♀️

You've been wondering if you should sell your home or stay in it for a few more years. You're thinking "Maybe I should wait until the kids are out of school" or "I don't feel like packing everything up and starting over again, it's so exhausting!" 😩

Then you hear about how much money the neighbor's house sold for, and you know you have a more updated kitchen and more space in your home!

You want to cash in, too, but you're scared. I get it. Selling your home is a HUGE step!

But deep down, you know it's time to sell that house.

You know there is a great place waiting for you and your family; it might even be in your same neighborhood so your children don't have to change schools. Or, it could be somewhere else.

The bottom line is that if you wait too long, you might miss your opportunity to get into the home of your dreams. Why wait?

Contact me right away for a FREE market analysis, so you can find out how much your home is worth!

I'll be expecting you. 😉

-Iletha Edwards, Arizona Realtor
(443) 987-8404