Arizona housing crash

[bschi]

800k home in AZ (phx) area will be equivalent to 500/600k home in TX with Escrow (due to high property taxes).

AZ property taxes and state taxes are relatively low when compared to lots of states.

Job market is good (of course cannot be compared with TX).

July and Aug will be extreme hot, June and Sep are like 105’s (dry heat), equivalent to high 90’s in TX. No humidity. Traffic is not crazy..
 

[terminator_desi]

2 hours ago, bschi said:

800k home in AZ (phx) area will be equivalent to 500/600k home in TX with Escrow (due to high property taxes).

AZ property taxes and state taxes are relatively low when compared to lots of states.

Job market is good (of course cannot be compared with TX).

July and Aug will be extreme hot, June and Sep are like 105’s (dry heat), equivalent to high 90’s in TX. No humidity. Traffic is not crazy..
 

Any idea how is Mesa compared to Chandler and Gilbert?Prices a bit lower in Mesa.Do we have desis in Mesa?

[bschi]

8 minutes ago, terminator_desi said:

Any idea how is Mesa compared to Chandler and Gilbert?Prices a bit lower in Mesa.Do we have desis in Mesa?

Mesa is a suburb like chandler and Gilbert. But the house listed is in Eastmark which is part of Mesa. Adi oka mini suburb type.. Major parts of Mesa are shady, but Eastmark is good area.

Desi crowd bane untadi.. Chandler and Gilbert are top choices for desi crowd because of schooling 

[Mr Mirchi]

4 hours ago, Kootami said:

South west facing aah ? ..high school rating 3 anta..vammo

510k dhaka bids paddavi and 510k ki sold ayyela vundhi ata

 

[anna_gari_maata]

Good plan Agent

[Sonu_Patel]

On 2/17/2024 at 3:34 PM, dreamchaser said:

Looks like housing reset started in Arizona.Toll brothers dropping prices by almost 100k on new builds.Inventory is rising fast in Arizona. @Sonu_Patel

https://www.realtor.com/realestateandhomes-detail/10024-E-Talon-Ave_Mesa_AZ_85212_M90443-41982

https://www.realtor.com/realestateandhomes-detail/5611-S-Feliz_Mesa_AZ_85212_M96588-10742

 

May be started in Arizona. I have no idea about Arizona market but all i care is about median income and median sales price. No everyone can afford such hefty payments IMO. 

House prices was inflated with lower interest rates but I don't think it will sustain any longer. It will taka a due course of time to get things normalized. 

[hydusguy]

5 hours ago, terminator_desi said:

Any idea how is Mesa compared to Chandler and Gilbert?Prices a bit lower in Mesa.Do we have desis in Mesa?

east mark is good.. top choices chandler, gilbert,  scottsdale,  peoria