We’re in LOVE with the interest rates. Even though the home prices are still climbing in the Valley of the Sun, the interest rates are not and many buyers are finding it wonderfully affordable (yep, more affordable than renting) to become homeowners. Inventory levels are still low meaning it’s still great to be a seller and probably will be through the fall of 2017.
July’s inventory levels are a little higher than June which is common this time of year here in AZ however they aren’t much higher. We are still at less than 3 months inventory Valley-wide and that’s a healthy sellers market. Good news coming out of the mortgage industry for conventional home buyers. If your Debt To Income levels have been keeping you from qualifying then it’s time to try again.