the Perfect Storm for Phoenix Real Estate

We are in , how shall I say it, an ‘Interesting' time in the Real Estate and new home building real estate market. Especially, here in Metro Phoenix and the familiar towns of Tempe, Mesa, Glendale and Scottsdale.

Real Estate Industry analysts have thrown around the term, the Perfect Storm" reflecting the convergence of the following market conditions, declines in home prices, high existing inventory levels, lower housing sales and reduced access to credit (lenders capital).

The previous reasons, along with high level of short sales, foreclosures and REO (bank owned homes) are all contributing to a market decline with what some are saying not end in sight.

However, I say there is a light at the end of the tunnel and if you are prudent , credit worthy, and want to realize the American Dream, this could be a ‘Pot of Gold at the End of a Rainbow'. Here's why ?

Affordability is well in-line with historical numbers; especially here in Arizona. And although, affordability along with lower access to credit may not yet be enough to stimulate a quick recovery, thereby helping sellers,....

affordability and the inventory are providing an opportunity for home buyers.

Look closely at Homebuilder's inventory, and REO / Bank owned Real Estate to find an opportunity that fits your needs , wants desires and is within your budget to find a quiet point in the eye of the housing market storm.

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Copyright © 2008 By James Wexler, All Rights Reserved. *the Perfect Storm for Phoenix Real Estate*

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