The Phoenix Housing Market has recovered close to 30% since the low in 2011. This is a great time to buy and sell due to our unique situation. There is still a very low inventory with only 14,000 single family homes available which is great for people selling their homes because of the high demand from buyers who are having trouble finding homes to purchase in this highly competitive market.
This is also a great time to buy due to the all time low interest rates available and the undervalued marketplace. There are still deals available within the Phoenix market, especially when compared to the boom of 2005-2007, it is just taking buyers more time to find an acceptable house and have an offer accepted.
There is hope for a more stable market as experts within Keller Williams have projected a housing supply of 20,000+ homes by March 2013. This projection is based on prices increasing to the point where investors are no longer as prevalent within the marketplace and the equity sales and fix and flips increase.
Know anybody looking to take advantage of the opportunities that are still widely available?
Comments
Post a Comment