My talk with Tina Tamboer from the Cromford Report about our market.
Today I sat down with Tina Tamboer from the Cromford Report. As some of you may know, the Cromford Report provides the best market analysis for the Phoenix area. If you’re in real estate here, you need to know who they are. It’s been a few months since I talked with Tina, so we wanted to talk about our changing market and some predictions going forward.
You can watch the full video above or skip around to topics that interest you using the timestamps provided below for your convenience:
1:20 — How the market has changed in the last two months
2:05 — When did this shift start?
3:00 — How to predict the real estate market
3:20 — What a softening seller’s market looks like
4:00 — Our falling affordability rate in the Phoenix Metro Area
5:15 — Where in Phoenix are the prices adjusting faster?
7:30 — Where are the prices rising?
8:15 — What happens if we go back to a balanced market?
8:40 — How does inflation affect the housing market?
11:50 — What is the expectation for future home appreciation?
12:40 — Are we behind on building new homes?
13:20 — Is it still safe to buy investment properties?
15:05 — What is going to happen in the next three months?
17:00 — Are institutional investors still buying?
18:00 — Tina’s overall prediction
19:50 — Good areas for buying properties
20:50 — How to decide where to buy an investment property
21:15 — Areas that are growing
22:29 — Phoenix area 20-year prediction
23:25 — USA population issues and the risk for home values
24:10 — How does Phoenix compare to the rest of the country?
I hope this information helped you get a better grasp of where the market is and where it’s headed. If you have questions about our conversation or anything else real estate-related, feel free to give me a call. I’d love to help.