Stephen Ledford's July Real Estate Newsletter

• The real estate market is picking up. For buyers, there is a lot of good news.
  • The bottom line people are buying homes. We are hitting 2004 levels for number of solds per month. In June, there were 9,309 homes sold.
  • Most activity is still around short sales and REO/bank owned homes.
  • The middle and luxury market are still suffering as it more difficult to find buyers that qualify for the 10% to 30% down.
  • For home below $345K, most people feel we are towards the bottom on pricing. Homes are getting multiple offers. This activity of multiple offers will occur more often as first time home buyers want to purchase before Nov 30 to get the 8,000 Tax credit.
  • Please let me know if you have any questions on the market or would like some help find a dream home.

Help for foreclosed renters Great article if you are renting a home and find out the home is being foreclosed

• Contact me!!!
• Looking for a home to rent
• Want to rent out your home

Call me for your real estate needs.

Do you know someone new or moving to Phoenix, AZ? - Send them the best Phoenix Welcome Package

"If you can dream it, you can do it" by Walt Disney