Andrew Augustyniak | Peoples Mortgage
Here’s the Phoenix Market Investor Purchase data broken down by percentage of all home purchases in the market. This is Q4 Data only. For reference, investor purchases hit a high of 42% of all Phoenix home purchases in 2Q-2022, which looks to be about the time housing prices peaked. A lot of people watch the Phoenix Market nationally to look for signs of a market crash because we have bigger swings than almost any market.
Nobody believes we will see a 2008-style crash with inventories this low. National monthly sales are trending at 2007 levels, but even investor-heavy Arizona can’t get back to 2015 inventory levels today. This means borrowers sitting on the sidelines waiting for a crash or significantly lower prices are fooling themselves. Supply and demand still drive the market. Take a look at the below and as always, let me know if you have loan questions!
I have two charts below for investor purchases. Percentage and total volume.
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 |