Supply and Demand problem in Phoenix future? What if? The questions are flying right now. Could there be a supply and demand problem in Phoenix future? Maybe....maybe not. There are a lot of what if's involved. Right now a buyer can get a loan for record low rates. That same buyer can purchase a home for 3% down with a conventional loan. This COULD get more buyers off the fence. With the current supply of homes we COULD get into a bidding war situation again. According to Michael Orr-- Phoenix is not ready for a big increase in demand. That would be a supply problem.
Valley real estate experts believe the housing market in Phoenix could have a supply and demand issue in the near future.
With down payments and interest rates dropping on certain Fannie Mae and Freddie Mac conventional loans, the housing market is set to see more homebuyers in the near future. more
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