Arizona Real Estate Market 2005 Comparisons

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When we look at the chart comparing 2021 to 2005 we see a glaring similarity to the Cromford market index in the Arizona real estate market.
The difference lies in the stability of the financing.
In 2005 the number of homes purchased were bought with adjustable mortgages.
While it is true that the index shows sales beginning to favor buyers there are huge differences in the dynamics of the housing market.
Today, there is much more equity and virtually no adjustable mortgages. But what is the impact of a shifting market?
https://vod.run/s/UCMTouPhJnoEuHKBWjlP1rmA https://mercury.streamelements.com/rickmchone/tip
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See current listings by city below.
Chandler https://myre.io/04M1CloFFQDXw
Gilbert https://myre.io/0ePeR9bgdcIvF
Mesa https://myre.io/0jXwRlxSKVPG4
Tempe https://myre.io/02vllt0tkRcFq
Queen Creek https://myre.io/0klcnTPUX6zpc
Phoenix https://myre.io/0klcnTPUX6zpc
Scottsdale https://myre.io/0OznOYnJ23CtG
Paradise valley https://myre.io/0jTnK5eC99FOy
Cave Creek https://myre.io/0hZgtWSDf6liI
Glendale https://myre.io/0hZgtWSDf6liI
Surprise https://myre.io/09jCduwYs8bIZ
Peoria https://myre.io/09jCduwYs8bIZ
Anthem https://myre.io/0Ttdl2emXBLW2
Goodyear https://myre.io/0lQj06HiSvxG1

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Rick McHone
Realtor with EXP Realty
http://www.Rickhelps.com

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