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The Year of the Buyer
Ah, my first blog post (on AR anyway).
While the news websites I visit almost daily seem to run a lot of headlines about the Real Estate woes - "Housing Market Crash" as they seem to want to sensationalize it - I see the next year or two as an incredible opportunity.
For those who bought more home than they could afford, or those who were financed with adjustable rate mortgages hoping that they could re-fi when the rate was set to go up, this is a rough time. There are a record number of foreclosures in many markets, and I know the number is high here in the Phoenix area as well.
For anyone looking to buy a home, however, you could not ask for a better scenario!
Interest rates are at almost historic lows, prices have dipped to a level that most middle class families can afford, and the supply of homes far exceeds demand right now meaning sellers are pressured to do whatever it takes to make the sale. 
It seems the only thing keeping the market from a very quick turn-around is the fear of first time buyers jumping into a "shaken market". Sure, loans are harder to get for those with ... more

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