The country lost 23,000 jobs in July. May and June were revised down by 103,000 combined. A healthy market should be adding 200,000 jobs per month. Right now we're averaging just 20,000.
Wage growth is barely keeping pace at 3.1 percent while inflation sits at 3.4 percent. The Fed's target is 2 percent. Two very different experiences are happening right now depending on your income level.
But here's what most people are missing. There are 51.3 percent more sellers than buyers in the market right now. Price reductions are happening on 32 percent of listings. 80 percent of metros are classified as buyer's markets.
Gary Keller said it best: You're not buying at the top of the market. You're buying at the top of the moment.
The market isn't fun right now. But the opportunity is real for buyers who understand what's actually happening.
DM me directly and I'll show you exactly how to take advantage of this moment in the Phoenix Valley.
