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The Bottom?

Tue, Jul 28, 2009

Buying Advice, Foreclosure

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Have we reached the bottom of the nasty green pool that has been the Phoenix Real Estate market for the past 3 years?

I have been so busy with home buying clients I have not had the time to write 1 new post in the past month! Shame on me. Typically this blog is updated at least 4 times per month with the latest goings-on in Phoenix Real Estate. I promise more posts are coming soon!

I have been taking lots of pictures/video of foreclosures and other real estate drama that I’ll share in future posts.

But for now I thought I’d share the 3 most interesting articles I’ve read in the past week about what the heck is going on in Phoenix.

#1 – Low-priced foreclosures incite bidding wars by Johnathan Cooper is an article about Phoenix-area bank-owned deals FLYING OFF THE SHELF and you will most likely loose out on several before getting one – it is that competitive.  No Joke. I will post more on this phenomenon later.

#2 – Home prices up for 1st time in 3 years by Les Christie is an CNN Money article about the market stabilizing and the supply and demand beginning to correct.

#3 – New-home sales in US climbed 11% in June by the Associated Press is a short article about a spike in activity for new-home construction.

I realize that the market will remain flat for years and we won’t see the ’04, ’05, ’06 appreciation again in our lifetime…but do you think we have reached a bottom?  Is now the time to buy? Drop me a line in the comments.

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1 Comments For This Post

  1. Charles Peet Says:

    Thanks for the great information

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Becky Becky Wyatt  
REALTOR®
HomeSmart Real Estate
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