June 2020 Low Rates & Tight Inventory

Today’s low interest rates allow you to pay about the same monthly payment for a $333,000 home today, as you would have for a $249,000 home in 2005, 15 years ago.

And real estate is still proving to be the best long term investment.

https://news.gallup.com/poll/309233/stock-investments-lose-luster-covid-sell-off.aspx
Gallup Poll April 24, 2020

Real estate, at 35%, remains the most favored investment to Americans, as has been the case since 2013, when the housing market was on the rebound. More than a third of Americans have named real estate as the top investment since 2016

News.Gallup.com/poll/stock-investments-lose-luster-covid-sell-off

According to Diana Olick, CNBC, on May 27, “Mortgage demand from home buyers shows unexpectedly strong and quick recovery… The quick recovery has surprised most forecasters.”

75+% of job loses are temporary layoffs and furloughs according to employers – Federal Reserve Bank May Report

Low Rates are also providing Affordability of Housing, which is the OPPOSITE of the artificial run up in 2004-2006. Also, demand is by owner-occupied this time, not investors.

Full presentation with charts and graphs: presentation

About the Author: Denise van den Bossche has been a licensed Agent and homeowner for over 35 years in the Metro-Phoenix Scottsdale Valley of the Sun. A Legacy LEED® AP, designated SRES, DMX, ePro. To request a no-obligation market report, home evaluation, or consumer guide on your specific needs, contact Denise at 602.980.0737 or email  Denise@AZMultipleListingService.com.  Denise’s husband Patrick is President of Realty Executives International, with 500 offices throughout North America.

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Denise has built a 30+ year career in Arizona Real Estate sales. Licensed as a Realtor since 1985, she has also held licenses in construction, securities Series 7, and is a Legacy LEED AP. She holds a SRES certification and works with families facing Aging and Chronic Illness. She & husband Patrick are long time members of YPO and share a strong passion for faith, community and fitness. Patrick is President of Realty Executives International, founded in Scottsdale in 1965 with over 500 offices worldwide. Denise is passionate about sustainability and healthy indoor environments. She is a LEED AP, Ecobroker, past Chair of the AZ US Green Building Council, Charter member of the Institute for Sustainable Infrastructure and an Envision Verifier. She works equally with both buyers and sellers. 

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