Phoenix Market? Overpriced? Stability?

[Stephanie Banno]

Hi y’all!

Austin Investor here!

I currently own a house in Austin TX and am thinking about relocating to Phoenix Arizona. I would rent out my house in Austin to purchase a new primary residence in Phoenix within the next 6 months.

I’ve been reading several posts/forums about the state of the market in Phoenix. With low inventory levels and house prices on the rise - thoughts on buying in the current market? Predictions on the future market?

Will the CARES act/mortgage forbearance play a role in Phoenix’s market in the 6 months-1 year?

Thanks for your help in advance!