Real Estate Pricing Forecast and Projections
The pandemic 2020 lock-down in Arizona created a slight deceleration of home prices, however since the lock-down ended, prices had barely taken a breath on their upward climb. This has only recently changed.
When a leading firm, surveyed 100 of the top economist in the country, to answer the trend in pricing question.
Of the 100 surveyed, only nine thought the housing market would retract in the next two years, and they predicted that the rate of that regression would be between 7% and 9%. The rest predicted that the market would continue to appreciate—not just through 2023, but throughout the next five years. In fact, some still projected that home prices would increase by 47% in that time. With this in mind – I suggest National Real Estate pricing forecast and projections are not definitive.
Accurate Home Pricing Trends – Paradise Valley and Scottsdale
There is only one market projection that is historically accurate and that is; home prices will over time, rise and fall. Eventually rising above previous levels. However to insure, the most accurate data and likely forecast for Paradise Valley/Scottsdale Residential Real Estate, consult with me, I am a specialist in the community. I study trends in the Paradise Valley and Scottsdale communities daily. In addition, I resource data from a team of respected local analyst. Enabling me to provide my clients with the most up to date statistics and forecast. To review the latest changes in Paradise Valley Homes – Click Here
*To review the latest home pricing and sales trends by the numbers, please call me at 480-450-4632
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