ARIZONA Housing Market Forecast for 2024 (from Reventure Consulting)
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Reventure Consulting's 2024 Housing Market
Reventure Consulting's 2024 Housing Market Forecast for Arizona is out. Home prices in Arizona have declined by about 6% of the last year. But are still nearly 25% overvalued, making it possible that home prices could keep declining in Arizona's Housing Market through 2024.
Access Housing Data on Reventure App: https://www.reventure.app
Especially in a metro like Phoenix, which has overvalued prices to go along with declining rents and a big segment of real estate investors who are looking to sell.
Meanwhile, a real estate market like Tucson isn't as overvalued but is starting to experience a big pileup of inventory, which could push home prices down.
Areas like Flagstaff, Lake Havasu City, and Show Low could also see declining prices in 2024 due a big decline in the local Airbnb / Short-Term Rental Markets. Many real estate owners in these areas have their homes sitting vacant, indicating a high likelihood that inventory could increase into the future.
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Access Exclusive Data and Videos as a Channel Member: @reventureconsulting
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Access Housing Data on Reventure App: https://www.reventure.app
Especially in a metro like Phoenix, which has overvalued prices to go along with declining rents and a big segment of real estate investors who are looking to sell.
Meanwhile, a real estate market like Tucson isn't as overvalued but is starting to experience a big pileup of inventory, which could push home prices down.
Areas like Flagstaff, Lake Havasu City, and Show Low could also see declining prices in 2024 due a big decline in the local Airbnb / Short-Term Rental Markets. Many real estate owners in these areas have their homes sitting vacant, indicating a high likelihood that inventory could increase into the future.
---
Access Exclusive Data and Videos as a Channel Member: @reventureconsulting
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
8 ماه پیش
در تاریخ 1402/08/24 منتشر شده
است.
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