Arizona Housing Market Holds Strong Despite High Rates, Poised to Rebound in 2024
• Arizona's housing market stayed strong in 2023 despite high interest rates • Home prices appreciated 5% in Arizona last year due to low inventory and people moving to the state • Sindy Ready, incoming President of Arizona Realtors, expects interest rates to drop in 2024 • Ready predicts a housing "rebound" in late 2024 with more bidding wars driving up prices • Ready advises buyers needing loans to consider purchasing now before more competition returns