A recent Real Estate seminar we attended noted that with 100,000 net annual increase in Maricopa County's population, with more and more National weather anomalies and our constant warm climate, with pending sales up the last 2 months in Maricopa County, with Builders still building, with prices down AND interest rates down, while there is bond money available to help 1st time homebuyers with a FREE 3+% grant (no repay), with more young people leaving Ohio than staying, with our access to skiing, lakes, Mexico, Vegas, and FHA reforming to a more viable option, why is the media so negative.
Partly because they report Nationally, and because bad news makes headlines, not good news. One Broker reported a 0.1% per month drop in Tucson prices - a recent Tucson headline, "Home Prices Plunge!".
Maricopa County home grown investors, not the Californian's that caused the 2005 run-up with O% down, 100%, interest only loans, are jumping in with both feet. They know when most Buyers sitting on the sidelines jump in there could be a frenzy mentality! Beat the "Christmas Rush" type phenomena if you're serious about buying!
No comments:
Post a Comment