Will The Phoenix Real Estate Market Crash? The question that we have been asked repeatedly these past few weeks is whether our real estate market will crash like it did during the recession in 2008. We honestly do not see that happening. Who knows what our market will be like in one year. But right now, things are moving along. Prior to the COVID-19 development, we were in a seriously strong sellers market for at least a year or more. Particularly in the lower price brackets. We're talking multiple offers, offers above list price, super strong competition for the little inventory that was available. Even with … [Read more...]
What To Do If You Can’t Pay Your Mortgage
What To Do If You Can't Pay Your Mortgage In Arizona, COVID-19 is having an effect on everything from education to employment, businesses...pretty much our world as we knew it. As a result of our state shut down, many businesses and people have been negatively impacted. I know that there are some people out there that are hurting, struggling. This has not been a good situation and now they may be looking for alternatives to keep from losing their homes. There are options. You could be asking yourself, what can I do if I can't pay my mortgage? First, communication with your mortgage lender is key. If you are not … [Read more...]
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