Video Update:

Facts: Sellers need patience to to reach goals! Buyer's have huge opportunity NOW!  

But first the numbers here in mid October:

Homes Available are over 20,000 Valley-wide.   Homes under contract 7,200  and Completed Sales in last 30 days just over 6,000 which means we have over 3 months of inventory and average days on market has climbed towards 50 days.   Welcome to a buyers market!

Mortgage Rates have driven the slowdown NOT a lack of demand.  In fact when rates dropped just slightly for a couple of weeks in April and May we saw the buyers come out strong! However now that rates have reached a new high and many buyers are "spooked" by both the headlines of recession and the rates diminishing their purchase power.

WHICH LEADS TO HUGE OPPORTUNITY FOR BUYERS! Sounds counter intuitive but it is absolutely true.   NOW many sellers (who are still enjoying huge equity gains from the last few years) are willing to consider negotiating on price because they aren't getting multiple offers immediately.  They also are considering giving closing cost concessions that the buyer can use to reduce costs in a myriad of way...  such as:

- Buying down the rate, paying for loan fees, HOA fees, Tilte & Escrow costs etc 

Here is a great example of how those opportunities combined with no longer having bidding wars actually overcome the rates and create opportunity for LOWER payments...

Todays Opportunity for Buyers of Homes The Drew Team   Overcoming rates and recession to own a home

If rates are holding you back we have stategies to reduce them and payments so you can take advantage of this fantastic opportunity to buy a home NOW!  So if you employ the strategy above you will be at the top of the list for buyers that are in the market!  By having the right expectations and a team like us serving you, it will also reduce stress in the process while reaching your goals.    


Ready to move?   Reach out & reach your real estate goals!

As always we stand ready to serve and have a special 'thank you' to all who serve our communities!  



The Drew Team has served over 1000 people in reaching their real estate goals, want to reach YOURs?  We are ready with the experience and expertise to get you moving!   Contact us today!   (480) 256-2868

The Drew Team is Robin & Steven Drew, Robin McAvoy, Casey Hurlburt, Tom Walton and amazing admin Nancy Horn.   We are 6 straight years listed among America's Best Agent Teams in Arizona, ranking in the top 1% of real estate professionals nationwide -- but we are much more proud of our nearly 300 5-star reviews for the service we provide.