The city of Mesa is sandwiched between several city and towns in the East Valley. It is the third-largest city in Arizona, after Phoenix and Tucson. Freeway access is paramount in Mesa. This city has numerous highway connections available everywhere you turn. The Superstition Freeway or Interstate 60 runs the entire length of Mesa’s southern edge. Mesa's residents exhibit jarring economic diversity, with low-income areas and mobile-home parks somewhat close to high-scale neighborhoods with extravagant custom homes.
The Mesa real estate market is growing rapidly. New homes are being
built in Mesa at a staggering pace. Much of this Mesa real estate
is built with foreign buyers and second home buyers in mind. Currency exchange
rates have made buying real estate in Mesa and all over the US in general
much more favorable in the last few years.
Over the last several month real estate prices in the Mesa area has begun
to soften a bit. The softening market has prompted some sellers to increase
incentives to sales agents and buyers, ranging from increasing sales commissions
to reducing pricing. Many believe this presents an opportunity to scoop
up hot Mesa homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Mesa's real estate market remain sound
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