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Scottsdale lower end patio homes and single family homes continue to drop in market value!Homes purchased from December 2004 to January 2006 continue to drop in market value. - 1% per month is the average drop in market value. Great time to buy as you can roll back the clock to early 2004. -- great upside opportunity as the market corrects upward sometime in 2009 or 2010. If you don't have to sell or you don't have a place to make 20% or more from your investment -- don't sell! -- remember - for 50 years the average appreciation of real estate in the USA is 6.8% per year. This is just another piece of a seven year cycle. -- And remember - interest rates are still at near the lowest rates in the last 25 years also! Invest in real estate and build a fortune! And help your neighbor -- give it out in slices - get it back in Loaves. (Irish proverb) |
Author
Tish Tischer RE/MAX Excalibur Scottsdale, AZ Office Phone: (480) 231-0782 More information... Contact Tish Tischer |