The biggest question hovering around these days is, have we hit bottom? Whether this question be a general question regarding the recession or the real estate market, we have to ask - does it matter? Whether we hit bottom a couple of months ago or are going to hit it a couple of months from now, we can all agree that we have had better times, and better times are in our future. Whether we have hit bottom or not, there is no mistake that it is still one of the most excellent buyer's market of Phoenix AZ real estate.
That being said, if we haven't hit bottom then the bottom must be close. Wouldn't it be better to buy near the bottom than miss it entirely? Nationwide there are real estate markets that are on their way down, real estate markets that have stabilized and real estate markets that are on their way back up. Whether the market hit bottom a couple of months ago, is at the bottom now, or will hit the bottom in a couple of months, the top of the market is far away.
In Phoenix AZ it is a buyer's market out there. Whether you are looking for a Phoenix AZ primary residence or a Phoenix AZ second home, now is a great time to invest in Phoenix AZ real estate. Property values are lower than they have been in years, interest rates are still hovering at 30 year lows and some tax incentives make buying Phoenix AZ real estate today more affordable than it has been in years. For all we know the real estate market might be more affordable today than it will be for many years to come.