Riley Rhodes (@rileyr22) 's Twitter Profile
Riley Rhodes

@rileyr22

Designated Broker - Dwel LLC
Making buying, selling and owning a home in Arizona more affordable.

ID: 155158488

linkhttp://dwelre.com calendar_today13-06-2010 08:09:34

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Check out this chart showing inflation adjusted home prices in the Phoenix-Metro area. It shows that according to the inflation adjusted dollar to the year 2000, home prices would be at $242,260 today. Do you think this feels accurate to what buyers are paying for homes

Check out this chart showing inflation adjusted home prices in the Phoenix-Metro area. 

It shows that according to the inflation adjusted dollar to the year 2000, home prices would be at $242,260 today. 

Do you think this feels accurate to what buyers are paying for homes
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Why interest rates matter so much in real estate: $500,000 home with 5% down - 7.25% rate = $3,506 - 3% rate = $2,269 We will need to see mortgage rates to get to 5.5% or less to see that payment under $3,000 per month.

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August 17th. Residential real estate changes. Any home you look at you will need to have a contractual agreement with that agent to see the home. This will agree on compensation and for how long they will represent you. Commission for the home is no longer included on the MLS