Phoenix AZ Urban

Home sales were up on November up 7.4% over October sales according to the National Association of Realtors.  This was due in part by the first time home buyers tax credit that was scheduled to end at the end of November but was extended through June.   Home sales have been up nationwide and even in the Phoenix market.  Phoenix once again has many homes that are priced so low the investors can’t stop themselves from buying and the first time home buyers are getting in on the action in part because of the Federal Tax Credit and also because the near record low interest rates.  There are many great Phoenix condos on the market at very good prices.  It’s not hard right now to find a nice 2 bedroom condo for under $100k.  With FHA financing you can get it for as little as 3% down.  Phoenix Historic homes are also back in play again with good prices.  There are many historic areas near Downtown and walking distance to the Phoenix Light Rail.  With Urban Living coming back into fashion in Phoenix and historic homes have been very desirable for years, it’s great to live in a home with character and be able to walk to a Light Rail stop.