There is still money to be made in Phoenix and the surrounding metropolitan area folks!

Or 3 New Builders would not be ready to lay claim and stake their fortunes by announcing that they're entering the housing market here in the Valley. Check out the article, 3 builders bet on Valley housing turnaround, from the Arizona Republic, which reported this morning that "three new homebuilders are entering the Phoenix housing market, undeterred by the glut of unsold houses and high prices left over from the housing boom. Mattamy Homes of Canada, John Laing Homes of California and Orleans Homebuilders of Pennsylvania say that now is the right time to stake their claim in one of the most competitive housing markets in the country."

For residents of Goodyear, Avondale, Surprise, and Buckeye not to mention REALTORS and Investors, there's further good news by way of another article, titled, WV to mirror north Scottsdale, also from todays Arizona Republic, which reports on Colliers International's report and has high expectations for the Southwest Valley. "The nine-mile corridor along the I-10 from Loop 101 to the Loop 303 will resemble the current image of North Scottsdale, with high-end retail, power centers, Class A office buildings and high-end demographic housing," the report said. A section of the report on retail growth focuses on Buckeye. It notes the huge area that Buckeye has annexed and says that 25 percent of all new homes in the Valley will be built in the town. http://www.azcentral.com/community/swvalley/articles/0331swv-reportcover31Z5.html

So lets cheer up and put a smile on our faces, the housing market in Phoenix may be levelling off but it's not necessary to start writing eulogys folks, on the contrary, it's time to get back into it.

Cheers,
Uzi Husain
Arizona Realtor, serving Goodyear & The Phoenix metropolitan area