Good News for Phoenix AZ Real estate (sort of)

December 20, 2008

Ok, ok, …. Maybe good news for the metro Phoenix area real estate and the housing market is pushing it a little. And I don’t at all want to sound happy or overjoyed as area residents in Scottsdale, Tempe and Desert Ridge home values, and people’s net worth slightly deteriorate.

However, after everyone catches their breath from this real estate and housing market news and looks a little deeper past this fright filled front page headline it may a little more easily digested as a case of “Glass Half-Full” versus “Half Empty”…. Here’s one man’s humble of Why!!

Take these 5 reasons. (stay tuned, I will go into detail of each tomorrow

1) It’s a Buyer’s market

2) Lenders easing credit

3) Lower interest rates

4) Reduction in inventory

5) Consumer confidence

Yes, this so called “good news” I am finding in what are agreeably are recent cloudy days, may be of little , (although these days, a little can be a lot), consolation for home sellers .

However, as I always say, Buyers dictate a market. And we need the above factors , all of which stimulate buyer’s to actually BUY!! Ultimately, reducing the glut of homes on the market will cause a follow through of rising home values.

Yes, residents of Tempe, Fountain Hills, Mesa, Peoria, and the area of Desert Ridge, and the golf communities of DC Ranch, this will happen, one day. I promise.

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Copyright © 2008 By James Wexler, All Rights Reserved. *Good News!!! Real Estate prices fall a record in Phoenix area*

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

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Written by James Wexler · Filed Under Articles, Sellers 

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