The market is truly shifting as we speak to a much healthier market in Arizona. Inventory is getting bought up quite quickly and well staged homes that are priced right do not stay on the market very long. It is definitely time to make your purchase this year so can potentially take advantage when the market adjusts up again.
The Housing Market is Recovering(0)
Most of the time, all we ever hear on the news is doom and gloom about our economy. Before I talk about real estate, let me personally challenge you as you try to “win” the race for your own family. About a month ago, I made a decision to turn off the news and focus on growth…growth for myself and my own “personal economy.” You see, for many years, I would wake up to the news and go to bed with the news. Unfortunately, most of the news is very negative and down right depressing. About 2 months ago, I made a committment to subscribe to the “golden hour” which is simply an hour that I spend before I go to bed each night with the TV off and my journal open. Wow! What a difference that has made. What do I do during this “golden hour?” Well, I journal about the positive things that happened to me that day and the key “dollar productive” activities that will move my business forward the next day.
The market is picking up big time!(0)
In fact, in the last week, I have written 7 offers and 4 of them have been accepted. I have not written an offer all week that wasn’t in a multiple bid situation. That is really good news for our real estate market and most importantly, the beginning of recovery in Arizona. In my humble opinion, we are at the bottom because now we are regularly getting multiple bids on property. 2009 will be the year of inventory absorption where investors and smart buyers jump into the market. If you are sitting on the sidelines waiting for a better opportunity, you may be waiting too long.
Key Real Estate Report Suggests Recovery Around The Bend(0)
Everyone that truly follows real estate is aware of the R.L. Brown Reports. These reports come from a leading real estate statistician and expert in the valley. All serious full time real estate professionals look to these reports for guidance. Please read the excerpt below with a summary from Jan Buchholz of the Phoenix Business Journal. The good news is that new home sales prices have actually gone up over the past few months. Recover is likely to be around the bend.
- » Housing is Going Green
- » What’s New in Home Furnishings in 2009
- » Do you owe more than your home is worth?
- » What could be done with $1 Trillion?
- » Where US Home Sales are Rising
- » Dec. existing home sales rise 6.5 percent
