First, with the summer heat upon us, we've included a graphic showing the hottest day on record in Arizona and the hottest day on record in Phoenix. Let’s all hope we don’t break any records this year!
We also want to take a moment to thank everyone who joined us for our Client Appreciation Movie Event at Harkins Chandler Fashion Center. We had a fantastic time with our clients and supporters for a private showing of the new movie "Twisters." Check out our social media reel highlighting the event below.
Now, onto the real estate market update for July. Here are three key points to keep in mind:
Overall, we are now in what is considered a "balanced market," which could mean that there will be a lot more give-and-take between buyers and sellers.
Although things have slowed, experts are NOT forecasting a crash.
Market experts are not forecasting lower prices.
To wrap up this month's update, we've included a graphic that highlights an important fact: two-thirds of all homeowners have at least 50% equity in their homes. If you're curious about how much equity you might be sitting on, reach out to us. We would be happy to help you explore your options.
Stay cool, enjoy the rest of your summer, and as always, thank you for trusting us with your real estate needs!