1876: Phoenix Real Estate: Is the Seller's Market Over? The Cromford Report, Tina Tamboer

Is the housing market at an inflection point? Tina Tamboer, Senior Housing Analyst at The Cromford Report says there has been a significant shift, specifically in supply and demand creating a very interesting dynamic right now in the greater Phoenix area market. Are things becoming more favorable to buyers? What about investors? Is this seller's market finally over? Phoenix is a boom and bust type of market nowadays, but today is different from the last housing market crash. Whatever your residual anxiety over what you went through during that period of 2005, all the way to 2008, '09 and '10, you have to put those emotions aside. Emotions are not facts and you have to lean into the numbers to learn what's happening today. Key Takeaways: 0:00 Welcome to The Creating Wealth Show 1:26 Empowered Investor Pro August meeting  2:23 Welcome Tina Tamboer, Senior Housing Analyst at The Cromford Report 2:52 Shift in supply and demand affects each range of the market differently  3:54 Inventory is going up in different amounts in different markets  6:04 Affordability in the Phoenix Metro area 7:06 The interest rates have gone up so fast, the lending community can't keep up  7:48 The difference between a crash and a correction  9:03 Interest rates coming down at the end of a recession  11:15 In RE investing, you can continually renegotiate your deal  13:52 Why this market is different from the last crash  15:21 Measuring housing supply and demand 17:31 Phoenix is a boom and bust type of market nowadays 18:00 New listings increasing sharply  21:34 Number of closings in the great Phoenix area 22:59 What's happening in each market segment - below 400K and above 400K 25:11 Tune in for part 2 on the next episode! CromfordReport.com Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Learn More: JasonHartman.com Get wholesale real estate deals for investment or build a great business – Free course: JasonHartman.com/Deals Free White Paper on The Hartman Comparison Index™: HartmanIndex.com/white-paper Free Report on Pandemic Investing: PandemicInvesting.com Jason's TV Clips in Vimeo Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: JasonHartman.com/Protect Special Offer from Ron LeGrand: JasonHartman.com/Ron What do Jason's clients say? JasonHartmanTestimonials.com Contact our Investment Counselors at: www.JasonHartman.com Watch, subscribe and comment on Jason's videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos Guided Visualization for Investors: JasonHartman.com/visualization Jason's videos in his other sites: JasonHartman.com/Rumble JasonHartman.com/Bitchute JasonHartman.com/Odysee Jason Hartman's Extra YouTube Channel Jason Hartman's Real Estate News and Technology (RENT) YouTube Channel