Well the numbers for the new year look good, better than I would have imagined. A few months ago we were pushing 50,000 listings of single family homes on the MLS. We were at about 49,000 for a while and I real thought we were gonna break through 50,000 listings.

Today the number of single family homes on the MLS is 44770. This is quite a surprise to say the least. While I am excited and optimistic about the future in our market, I do know that all real estate is local. And that parts of the country are already doing better. I am just happy to see that we are lowering the number of homes for sale.

On the downside, many ARM's are still set to adjust soon and their is a possibility of seeing the number of homes on the market rise. Short sales, REO's and declining home prices could be with us for most of the year if things get worse.

However, if you are investing in real estate, or your planning to buy a home and live their for more than 5 years, the time to buy is now. If things get better and the worst case scenario passes us by, we could see a market that gains it health day by day and there is the chance that you could lose out on the opportunity to buy a home at an amazing price. New homes in the greater Phoenix market run the gamut of prices. I have personally seen homes that are over 2,000 sq ft selling for under $200.000. Now if that is not a deal I do not know what could be called a good deal.

So let me conclude by saying a prayer and hoping for the best outcome possible for my market and yours. May the days of people losing their homes and bad lending be a thing of the past. Best wishes to all.