Phoenix Business Journal Changes its Tune

OK, folks. You’ve seen my critique recently of the Arizona Republic’s negative Nancy routine around real estate. Only recently have they admitted that the sky is not about to collapse on us like a giant chalupa.

So, the Biz Journal is starting to change its tune, too. A recent Phoenix Business Journal blog discussed the idea that the Phoenix real estate market is starting to stage a comeback.

But unlike a late inning rally, this comeback will take years before things return to normal with some experts saying 2013 or even 2014. So says Michael Orr of my favorite real estate stats table, The Cromford Report.

So what does this mean for you? Well, if you have the money, this is the time to pounce on available real estate. Many experts agree that the worst is behind us in terms of low housing prices and that they can only increase.

Scott Golba, a local real estate manager tells us that “This is not the time to go out and buy one home. It’s time to buy two or three homes.”

You got that emphasis, right? Buy two or more!

This will be a two-fold benefit for investors, as so many people are unable to put down the necessary payment to buy a house and instead opt to rent. This is positive cash-flow into a buyer’s pocket that can easily pay for a majority, if not more, than the cost of the home over a period of time.

So, give me a call and I can answer all of your questions regarding the housing market in Phoenix. I can help you find the home of your dreams or the home that meets your investment plans. 602.456.9388