Real Estate In The New Year 2019

Real Estate In The New Year 2019

Whether you are looking to buy or sell this 2019, here is what you need to know. 


In 2018, we saw the market rise in the Phoenix and surrounding areas, which we can anticipate seeing again in 2019. Most neighborhoods will continue to see a slight increase in their market value with only very specific areas seeing a much more significant increase. There are pros and cons to this if you are looking to buy and sell, meaning the longer you wait to sell, you may sell your home for more though in turn you may spend more on the next house you buy.

If you are looking to buy, the earlier in the year the better, as the property prices will not have reached its peak in the early months. If you are looking to sell, taking the first couple months to prepare the house for selling may be worthwhile aka more money in your pocket.

Interest Rates

Much like the market, these too will continue to rise. The sooner you act, the better interest rate you will be able to secure.You may be able to buy down your interest rate. How much you would need to do so depends on your loan amount, though usually you can expect to pay 1% of the loan to bring down the interest rate by 1 percent. Actual rates vary on situation and lender. 

If you are looking to see what your buying power is, I work with one of the best teams in the nation who work fast, communicate consistently, and are always customer service focused. Call/text me at 928-366-8024 or email me at to get you connected. Also, I highly recommend consulting your preferred lender for additional information and comparison.

I highly encourage you to reach out if you have any specific questions regarding your situation to ensure you get the most accurate information. This way you can make the best decision for you and your family.

Happy New Year’s Eve!


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Michelle Mojica Headshot
Phone: 602-687-0617
Dated: December 31st 2018
Views: 850
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