Can you believe housing sales were really down in July? Much more than I would have expected. However, there are still millions out of work so maybe it does make sense from that perspective. But if there are people who are in a secure job and want to move up, there’s never been a better time. With interest rates at record lows and home values in some area’s are at 1980′s prices, it won’t get much better.
Short sales continue to be a real pain. I have one in escrow for 8 months and no approval in site. Today I had another fall out because my buyer wants to pay $300k and the bank thinks it’s worth $360k. That’s not a small difference. I know the banks are taking it in the shorts but in the meantime, you can take advantage of these low values and low interest rates. Many investors are so should the average consumer.
Check out communities and information at www.AZNativeProperties.com . I’m a native Phoenician and live and work in Downtown Phoenix. I have sold homes valleywide and know this market as good as anyone. But what’s more important in a Realtor is the honest and ethical way I represent my clients. I’m not an aggressive person that will push you into the first home you see. I make sure you understand the neighborhood and the potential value of the home you’re interested in. I’ve lucky a few times to sell the first house a buyer sees, but most of the time I show 50 or more homes to a client and that’s fine with me as long as they get the property they really want.