Here are my predictions for Arizona’s real estate market in 2022.

The new year is just around the corner, so I want to wish you all a happy Hanukkah or merry Christmas and give you a quick update on our market. Will things continue to be hot in 2022? Let’s talk about it. 


We’re entering the new year with low inventory and high demand. Interest rates remain incredibly low, and people from all over the country are moving to Arizona. I’m sure you’ve noticed by now that every other car seems to have a California license plate, and a lot of those cars are full of recent transplants.


Since demand is so high, prices continue to go up. Fortunately, our interest rates are keeping homes affordable, but we don’t know how long these low rates will last. Experts are predicting they’ll rise soon, so get in on our good market while you can. 


If you have questions about today’s topic or any other real estate matter, give me a call at (602) 738-9943 or send an email to jason@thepenroseteam.com. I am always willing to help.