By Andrew Augustyniak | Peoples Mortgage Company
I hope everyone’s 2023 is off to an amazing start. Compared to this time one year ago, there are definitely many more deals to be had. The question is – will those deals continue to get better? Or have we reached the point where buyers should start taking advantage before it’s too late? The below stats may show why those buyers sitting on the sidelines waiting for prices to decrease, may be waiting forever.
US Home Price Insights – March 2023
The CoreLogic HPI Forecast indicates that home prices will decrease on a month-over-month basis by 0.1% from January 2023 to February 2023 and increase on a year-over-year basis by 3.1% from January 2023 to January 2024.
These large cities continued to experience price increases in January, with Miami again on top at 17.3% year over year.
Only time will tell but even with everything going on from an economic and political level, Arizona continues to be a hotbed for people coming in from other states!
ANDREW AUGUSTYNIAK Branch Manager/Loan Officer Call or Text: 480.735.4095 aa@peoplesmortgage.com aa.loans.peoplesmortgage.com 3303 S Lindsay Rd, Bldg 2, Suite 104, Gilbert, AZ 85297 |
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LO Licensing: AZ LO-0921752 CA-DBO911628 OR WA-MLO-911628 NMLS-911628 Company Licensing: Peoples Mortgage Company, A DBA of Moria Development, Inc. AZ BK-0904164 California – FLL603L266 / RMLA4130661, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act: www.peoplesmortgage.com/privacy-policy OR-ML-5111 WA-CL-6274 NMLS-6274 |