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Home Sales Falling Through at Record Highs | Phoenix Housing Market Update

Caitlin McKeague
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Home Sales Falling Through at Record Highs | Phoenix Housing Market Update

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Ai Summary

The video provides an in-depth breakdown of current real estate trends, focusing on the record rate of canceled home purchases, shifting buyer psychology, and the effects of rising and falling mortgage rates. It analyzes Redfin data, Phoenix market statistics, listing success rates, inventory levels, and new construction activity. The creator explains how lower mortgage rates are beginning to stimulate buyer demand and influence both resale and new construction markets. Viewers gain a clear understanding of current market dynamics, what’s driving cancellations, where buyer leverage stands, and how changing mortgage rates may affect their next move.

Video Length
15:54
The Hook
Home purchases are being canceled at a record rate. In fact, we’re seeing the most home purchases being canceled for any July on record. What is going on with that? That is according to Redfin. Plus, we’re going to talk about what is happening with mortgage rates because there has been quite a bit of movement there. We’re possibly seeing some repercussions from mortgage rates in new construction as well as resale. So let’s take a look and see what’s going on.
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Urgency
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Curiosity
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Fear
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Power Words
Mortgage Rates
Home Cancellations
Housing Market
Buyer Demand
New Construction