Good news for the Phoenix area and great news for those of us in the real estate industry. Housing prices in the valley have increased for the first time in months. The median home was seen creeping up to just over $118,000 in June. As for a wider economic indicator, the number of foreclosures in the valley has dropped in addition to the rise.
I’ve been saying for some time that I’ve noticed an uptick in the market. Multiple offers on Phoenix homes, properties not on the market for very long, more first time home buyers, etc. This is more of the same, even at a time when the national economy seems to have been put back into doubt.
One caveat, it is still hard to get financing, but don’t worry about that, I can help you there. Just give me a call, and I will work with you to get your dream home.
What do you think? Will it last? Can the Phoenix real estate market be a positive beacon to the rest of the country?