By Jeff Chew | InMaricopa
Maricopa’s real estate market is seeing a brighter outlook after a year of lofty interest rates and limited inventory.
“I think the interest rate is going down and is going to jumpstart things,” said Dayv Morgan, Maricopa-based Realtor with HomeSmart Premier.
Morgan predicts mortgage interest rates will fall to 6% by year’s end. Today, the rate approaches 7%.
“Everything has been pretty slow for the fourth quarter and second half,” Morgan said of 2023. “We still have a lot of homes on the market now.”
The Maricopa real estate market ended 2022 with about 600 homes on the market, and 2023 ended with 500 homes listed, he said.
