The Housing Hustle and Bustle in Phoenix AZ

This time of year we’re usually dealing with the hustle and bustle of the holidays but the housing market might be the bigger news this year.  The inventory levels are still hovering around 1 month and have held steady all through the fall which has felt more like a spring market to us than a fall market.  There are still multiple offers on many properties and the $200-$400k price range is still by far the most popular with considerably more showings than any other price range.  Distressed sale activity remains very low (foreclosures and short sales) and they make up 0.04% of total sales just like the month before.  Meanwhile, rental rates are through the roof, the interest rates are crazy low and we are staying home more than ever these days so buying right now just makes a lot of sense for many people.
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