Kaushik, too bad I wasn't an agent when my area was appreciating at double digits =)  Single digits will have to suffice.  lol

Kaushik,

I just returned a few weeks ago from a vacation in Phoenix. But I am not sure where the market will be thriving..I think it is a problem in most states right now.

Here in New Orleans, La. many agents are down. My agents and myself included have many buyers and sale on the books, sales for my organization are in pretty much meeting my expectation. Every thing from SFR to investment property is moving ....

m876k

m876k

Kaushik, we are neither booming or going bust around here.  I would love for things to take off again, but I will take what we have over what I hear about some areas where property values are going down.

I think the values in our area of AZ are stabilizing (at least I hope so!). With new construction and a lot of resales still sitting on the market it's tough to really know what the true values are. The statistics are always a bit skewed, median house value doesn't really tell the story as the lower priced homes are the fastest moving segment which skews the average price low.

I too wish I'd been selling out here in Gilbert in 2004-2005. Alas, late again ;)