2020 is a Great Year for Real Estate

 

2020 is shaping up to be a very good year for the real estate market in Maricopa County, and here’s why.

The new 2020 conforming ($510,400) and FHA ($314,827 for Mariciopa County) loan limits are easing the financing requirements that we usually face with higher home prices. What does this mean for you? You can get the home you want at a payment that you can afford.

The NAHB (National Association of Home Builders) has released their Housing Market Index, which decreased one point in January to 75. This is still a very strong level and is only one point off a 20-year high.

Rates are still historically low, and it looks like they will stay that way for a while. That great credit score you worked so hard for is paying off (and you deserve it!). A low rate means you can spend more on your dream home, while keeping your payment at an affordable amount.

With higher loan limits and still low rates, 2020 is going to be a great year to buy. Give us a call today at 480-759-1500 to discuss your options!

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