REAL ESTATE HIT BOTTOM IN PHOENIX, AZ AS PREDICTED

Bottom of Phoenix Real Estate MarketWE HAVE HIT THE BOTTOM OF THE MARKET PHOENIX, ARIZONA

It was announced in the Arizona Repulbic that we hit the bottom of the real estate market on August 20,2009. I have been predicting on my well know Real Estate and Beyond Radio Show that we will hit the bottom of the market on August 24, 2009. I have been predicting this date since February of 2009. I had several people call into the show asking me how I came up with that date. I just follow the local real estate market each and every day.

Phoenix Real Estate

Many experts believe many people have been sitting on the fence post waiting until we hit the bottom of the market. OK-we have reached the bottom of the market. More first time home buyers are purchasing homes for two reasons:

  1. Mortgage rates are still low
  2. $8,000 tax credit ending November of 2009

There is plenty of time to still purchase a home and receive the $8,000 buyer tax credit incentive. Real Estate and Beyond LLC is a full real estate brokerage helping people to achieve the American Dream of Home Ownership.

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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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Comments

Thanks for sharing another wonderful article with us today.

Posted by Eric Villaverde (DoubleTree Home Inspection Services L.L.C.) over 2 years ago

Thanks for the rain today

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) over 2 years ago

I found your article to be very informative. Thanks

Posted by Katiejo Franks (Real Estate and Beyond, LLC) over 2 years ago

Thanks for the upbeat post today. Keep up the great job.

Posted by Stephanie D'Elia (Real Estate and Beyond LLC) over 2 years ago

Just one thing to add Harry. 

More first time home buyers are purchasing homes for two three reasons:

  1. Mortgage rates are still low
  2. $8,000 tax credit ending November of 2009
  3. Home prices are low enough to make the payment on a home lower than the cost of renting
Posted by David Krushinsky (Mortgage Professional - Phoenix, AZ - NMLS 202115) over 2 years ago

David-great point on #3. Thanks for the comment

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) over 2 years ago

David-great point on #3. Thanks for the comment

Posted by Harry F. D'Elia, Investor , Mentor, CSSN Radio Coach, REOs, Networker, ePRO, CDPE (Properties R Us LLC) over 2 years ago

I really did enjoy your post on this particular subject matter. I look forward to more posts down the road from you.

Posted by Tim Green (Real Estate and Beyond LLC) over 2 years ago

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