I don’t want to be pushy, but sometimes, pushy is necessary. And this is one of those times. Today the news came out that Phoenix, and it’s suburbs, is projected to be the NUMBER ONE market in the nation.
Now, for those of us that aren’t millennials, we might get a little bit of a pit in our stomach when we hear something like this. I mean we are finally pulling ourselves out of dredges of the last boom.
But is this the same? Is the market inflated, ready to POP….like a bubble? Everything is pointing at no. Today Wallethub also published 2016’s BEST CITIES for Wallet Fitness. Over all Gilbert came out #13 in the NATION, and Chandler is #19. That sounds pretty darn good, right? But listen to this. Adjusted for cost of living, Gilbert has the #1 spot in the Nation for highest median income per household, and Chandler has the #4 spot. So basically, we are living LARGE with low cost of living a good incomes.
So if it is already being projected that Phoenix will be the hot market in 2017…what does that mean? It mean potentially a super awesome appreciation of your home. The number one area for this year, Seattle, saw an 11% increase so far in 2016. So THINK about that. If your house is worth $300,000 January 1st, it isn’t unreasonable to think it might be worth $333,000 January 1st of 2018. That is a LOT of money for just living in your home.
If you are on the fence, thinking about moving up, down sizing, buying your first home…you might not want to wait too much longer to get this moving….literally. Also, have you seen that interest rates are creeping up? Almost half a percent. No big deal right now, but where will they be in 3 months, or 6?
If you’re ready to get started…let me know. If you have a house to sell, or not, let’s get the ball rolling!!