LISA GROTH
16451 N Scottsdale Road #101 Scottsdale, AZ 85254
REALTOR®
APRIL 2021
Each office independently owned and operated.
623.293.0172 Lgrmxprofessionals@gmail.com www.TramontoLifestyles.com
R E A L E S TAT E M A R K E T R E P O RT
For current market activity, community information, and more, visit:
www.TramontoLifestyles.com MARKET. COMMUNICATE. NEGOTIATE. SOLD. W H Y E X PERT S BELIEV E WE ARE NOT FA C IN G A
Real Estate
With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
BUBBLE
Presented by BETTER REGULATIONS ON LOANS
NEXT GENERATION INFLUENCE
SUPPLY IS STILL MUCH LOWER THAN DEMAND
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc/no-doc loans by borrowers lacking qualifications.
Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.
EQUITY IS GROWING QUICKLY
BUILDERS CAN’T KEEP UP
PERMANENTLY WORKING FROM HOME
2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
Some home builders have reported a ten-month waiting ti me f o r c o n s t r u c t i o n , w h i l e others are using a lottery system.
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
JONATHAN-THOMAS AND ANGELA-MARIE, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call me today at 623.293.0172 for a free consultation!
LISA GROTH YOUR TRAMONTO R E A L E S TAT E S P E C I A L I S T
Prepared Especially for
JONATHAN-THOMAS AND ANGELA-MARIE WASHINGTON
www.TramontoLifestyles.com