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Mortgage rates

Valley home market may pop as interest rates fall

Some Valley real estate experts think now is a great time to jump into the market — especially after rates have ticked down of late.

If buyers do jump into the market, it could come with higher appreciation after Valley prices have somewhat stagnated during 2023. Greg Hague, founder and CEO of 72SOLD, said he believes it is likely there will be “brisk” home appreciation in Arizona in 2024.

“(When) home values go up, appreciation is likely to exceed interest rates, which means you are living in a home for free,” Hague said.

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