Downtown Phoenix has made some real improvements since 2000. The boom of the real estate market really helped and although the decline may have stopped many projects from getting off the ground, it also become more affordable with prices coming down. The Downtown Phoenix Partnership has great information about the successes of Downtown Phoenix. Check out the successes of Downtown Phoenix.
December 22, 2009
Phoenix Home Prices
Phoenix home prices went up over 50% in the boom of the market and now they are down about the same. With interst rates still very low and federal tax credits, it’s a great time to buy. There are news reports all the time in the last 12 to 18 months saying lenders are not lending but I have many clients that didn’t have a problem with many different lenders. Try Legacy Home Mortgage, they do great work. Then, check out some of the great properties around the Phoenix Metro area. There are many great values all over town. Some of the best values under $100k will be in the Phoenix condo market. There are some nice Pheonix single family homes just under $100k but if you get down to $50k they normally need a lot of work.
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