Today's news could be signaling the bottom of the real estate market in the Phoenix area. (Read more) According to the latest home sale figures for the month of February, homes sales increased 2.9% nationally and over 10% here in the Phoenix area.
A while back I wrote about the old Wall St. adage, "buy on the rumor, sell on the news." Well folks the news is starting to eek out. Just last week I saw on one of the local newscasts a story about how home prices in Scottsdale and Gilbert increased in February.
My business partner Ben Bailey and I have noticed a tremendous increase in phone calls on our listings and phone calls from potential buyers over the past several weeks. Even hard hit areas like Anthem, AZ are seeing increased sales (Read more).
In another recent article on CNN Money News now is the best time in four years to buy a home. (Read more)
Now's the time folks. We are arriving at the perfect storm in the real estate sector. At least here in the Phoenix area. Low interest rates, depressed home values, and an over abbundance of inventory. If you're a buyer, get in NOW!
For more information about Phoenix, Anthem, and Scottsdale real estate please visit our website at:
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