09/17/2026
The Fed just raised interest rates to a range of 3.75 to 4 percent, the first rate hike since 2023. If you’ve been renting in the Phoenix East Valley and waiting for rates to drop before you buy, here’s what’s actually happening right now instead.
Because rates went up instead of down, home prices in Queen Creek, Gilbert, San Tan Valley, and East Mesa are staying more stable, and sellers and builders are more willing to negotiate. That means more room for price reductions, incentives, and concessions than we’ve seen in a while. That window tends to close once rates start coming down and more buyers jump back into the market.
If owning a home in the East Valley has been on your mind, this could be a good moment to find out what’s actually possible for you. Send me a message and let’s talk through it.
Shawna Garvin | The Gillette Group at Real Broker / 📞 925-550-5472 / 📧 [email protected] / Helping People Home 🤍