HOMES FOR SALE IN PHOENIX, ARIZONA
Are there any homes left to sell in Phoenix, Arizona? Yes, there are plenty of homes for sale in Phoenix, Arizona. Where is the inventory? Phoenix is becoming a sellers market as inventory stays strong with the amount of buyers in the market. Active listings is currently at 32,655 as of this morning. I have been tracking this number for the past six months and it has been staying at this level for quite some time. I believe the banks are keeping this inventory to stabilize and keep prices going up.
Low supply and high demand will always increase prices. Some neighborhoods have stabilized and staring to increase in price. There are only 4,477 bank owned properties on the market. This represents only 20% of the market. You will need a trusted real estate agent such as myself to find and close your next real estate deal. Check out www.DeliaTeam.com to make this happen today.
Yesterday afternoon, the Senate approved the extension to the $8000 First Time Home Buyer Tax Credit. The new credit will be good through April 30, 2010.
In an effort to continue the increased demand for residential real estate, the government is giving buyer more time to find the home of their dreams. Here are a few important dates to keep in mind:
- Buyers must be under contract by April 30, 2010
- Buyers must close escrow no later than June 30, 2010
The Senate has also introduced provisions to allow for current homeowners to take advantage of the tax credit. Homeowners who have lived in their homes as primary residents for 5 years or longer may soon be eligible for a $6500 tax credit when purchasing a new primary residence.
SEARCH FOR FORECLOSURE HOMES IN PHOENIX, ARIZONA
The market is flooded with first time home buyers and investors competing for the same inventory.
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Banks are still loaning money at this point in time. The minimum score for a mortgage at this time is 640. We have a great team in place to restore ones credit. All you have to do is let us know your needs. We want to get you into a house.
Make the Call, Set the Plan, Do the Deal$!
Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities. The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona. You can listent to past shows, or stream on-line.
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