It is a great time to buy luxury Phoenix real estate. Not only are mortgage rates once again at historic lows, but Phoenix AZ real estate values are low and inventory is high. It is a buyer's market, which means it is an exceptionally great time to invest in a larger, nicer home, a better time in fact than has been seen in years. A recent article in the Wall Street Journal mentions that a larger home gives more bang for the buck, and these days that is exactly what people are looking for.
It has taken a bit longer for sellers of high end Phoenix homes to come to grips with reality. That reality is that it is no longer a seller's market and that sellers are no longer in control. What that means is that sellers now feel the need to not only come down in price but do a better job of haggling when they get an offer, after-all it is an unknown when the next offer may arrive.
Click here to read a recent article from the Wall Street Journal on why it is a good time to buy a bigger, nicer home.