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Chandler Real Estate Market Report October 2019
Before we get into the Chandler Real Estate Market Report in October 2019, I have a commentary written by Tina Tamboer. She is the Senior Housing Analyst with the Cromford report. She was nice enough to let us use her summary of the Greater Phoenix Metro area as a backdrop for what is happening in Chandler this month. Here is her commentary…….
The Greater Phoenix Metro Summary Analysis Real Estate Market ReportAsking Prices Up 9% Over Last Year, but are Buyers Paying It? These Homes have Appreciated the Most since 2000
For Buyers:
The news media is filled with short-term predictions regarding the economy and how it will, or will not, affect real estate prices. It’s understandable for buyers to want their home to appreciate in value after they purchase, who doesn’t? 
However, there is far too much attention paid to short-term influences and fluctuations these days and not enough attention paid to the long view. Real estate is a long-term investment for many people.
Despite the euphoria of 2005-2007 and the nightmare of 2008-2011, on average homes are selling 81.6% higher today than they were in the year 2000. That’s an average appreciation rate of 4.3% per year over the course of 19 years.
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