Realtors are buying homes left and right in Phoenix, Scottsdale and Paradise Valley. Not just for investment but for their familes. Why, because this is the best buyer's market I have seen in 34 years of selling Real Estate in Arizona! It even took me by surprise. Several of my associates have either moved up or downsized in the last 3 months. The really neat part, is that interest rates are still very low. That won't last forever. In the 80s we had rates that were above 12%! Most people don't remember that. It could happen again. Right now 30 year fixed is hovering around 6 1/2 percent. With low rates like that and a dip in home prices (that won't last much longer either), it is the perfect time to buy. And Realtors know it! Shhhhh, don't tell anybody, just go buy something!
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