Phoenix AZ Urban

Interest Rates continue to be at record lows but the truth is, this can’t last forever.  Unfortunately, after a recession often comes inflation and that will most likely mean higher interest rates.  Of course, no one is suggesting the rates are going to go up to the teens like they did in the mid 80′s but they will go up.  Home values probably won’t go up as fast and that’s good and bad.  Good for the home buyers, bad for the sellers but I think that’s the way it’s going to be.  The values in Central Phoenix are not going up anytime soon but if I were a betting man, I’d bet on Downtown and Midtown Phoenix values going up just a tad bit sooner and faster than other areas of the Phoenix Metro area or other hard hit areas of the country for that matter.  Phoenix has the Light Rail now which is more popular then anyone expected and it’s being used more for fun then for work.  Many of my clients are enjoying living along the Light Rail more to go party then go to work.