6 Signs of a Housing Pickup in Metro Phoenix Real Estate

6 Signs of a Housing Market Pickup (for Phoenix area Real Estate)

1. Price Reductions - New Home Builders are and dropping prices throughout the East Valley and West Valley towns of Peoria, Surprise and Glendale.
2. Traffic - reports from New Home Builders and Broker offices indicate traffic picking up in the last couple months with more buyers in new home models, office phone calls from for-sale sign, open house traffic, -
3. Supply - although, nationally, more than 10 months supply, and more than 1 year here in Metro Phoenix, supply has diminished somewhat
4. Rising Apartment Rents - as rents go up ,and interest rates continue to decline, renters will start inquiring if it is cheaper to buy
5. Fewer/Reduced builder concessions - in most areas, home builders are still offering compelling incentives- it seems, the days of 6% buyer credits, free pools and even cars may be a thing of the past
6. Real Estate Agents showing houses - agents throughout the East and West Valley are reporting that activity of Real Estate Agents showing homes per use of MLS lockboxes is up in recent months

Take away the deflating news headlines.

Take away the doom and gloom water cooler talk of Foreclosures and Short Sales.

There are shining lights of optimism and promise for the real estate market.

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Copyright © 2008 By James Wexler, All Rights Reserved. *6 Signs of a Housing Pickup in Metro Phoenix Real Estate*

Contact James Wexler (480) 221-8080 for all your Phoenix Scottsdale area Real Estate needs.