As the numbers show inventory is decreasing significantly as buyers are snapping up great deals and we may be moving out of the bottom for inventory. Prices will continue to decrease or be flat in over $1 million while my guess is we are at the bottom or very close to the bottom for pricing of homes $400,000 to appx. $600,000.
This is a great time to buy and interest rates are at an all time low! Many clients tell me they think they may wait a few more months and while prices will still be great for buyers the best of breed inventory in some price points is dwindling (as the numbers above indicate).
This is the worst real estate market in the history of Phoenix and the greatest economic challenge America has faced in all of our lifetimes. In other words this may well be the best buy opportunity in a lifetime.
The economy is an unknown wild card in this equation.
http://www.premierazhomes.com/
Tuesday, April 14, 2009
Subscribe to:
Posts (Atom)
