Comments on: Is Now a Good Time to Buy a House in Phoenix?

By: Adam@ Property in Pa

Adam@ Property in Pa — Fri, 17 Apr 2009 02:17:49 +0000

Houses and property in urban areas is the cheapest and the best ones to buy at a time like this. When everything clears up their value will skyrocket. Rural areas are still more expensive and luxury locations have seen little change.

By: Jenny@French Propert

Jenny@French Propert — Mon, 13 Apr 2009 03:01:18 +0000

We aren't at the bottom of the pit yet, but nearly. Around mid this year would be the best time to buy and will help guarantee you'll get a house for as cheap as possible. Wait to long though and you risk the prices beginning to rise again.

By: Jack

Jack — Fri, 10 Apr 2009 01:41:12 +0000

Most believe that we have arrived at the halfway point in the financial crisis, so yes, now would be an excellent time to buy property if you haven't been hit that hard.

By: Jobseeker@Arizona Un

Jobseeker@Arizona Un — Mon, 23 Mar 2009 20:34:09 +0000

Over half the home sales in Arizona are lender foreclosures. As the recession worsens and foreclosures increase the price of available homes should continue to decline. Compared with last year the market looks rich in bargains, but there may be plenty of better deals soon enough.

By: Russ

Russ — Tue, 10 Mar 2009 01:00:15 +0000

"Mercedes Benz and only makes 100k a year, your real estate broker tells you to name your price for your house, you know 3 people going to get their real estate license, you should sell. I mean if that is what you needed to do anyway."

"When you hear that the market is going much lower after it has dropped two years in a row, all the people that went to real estate school now work at Macy’s, a few of your good friends have lost their job"

I say wait until the Macy's stores and Benz dealerships shut down. That should be a year, tops.

By: Richard Stabile Berg

Richard Stabile Berg — Sun, 08 Mar 2009 15:03:51 +0000

With all the money coming into the market and the drop in prices, it has to be a good time to buy. It is always better to buy when there are more sellers and sell when there are more buyers.

My best answer to buying and selling a home, not withstanding that you must buy or sell, relocation or larger family etc causing you to act, you should consider the following.

When the market is so good that it is unbelievable, it has been raising in double digit percentage increases for 3 years straight, everyone is convinced that it is going extremely higher, your neighbor buys a new Mercedes Benz and only makes 100k a year, your real estate broker tells you to name your price for your house, you know 3 people going to get their real estate license, you should sell. I mean if that is what you needed to do anyway.

When you hear that the market is going much lower after it has dropped two years in a row, all the people that went to real estate school now work at Macy’s, a few of your good friends have lost their job. There are for sale signs every where and finally some are gone, it is reasonably hard to get a mortgage, you are afraid of the market going lower yourself, everyone tells you not to buy. The newspapers and TV have for sometime said the market is terrible, the stock market is in bad shape. It is time to buy!

Richard

By: Bobbie McGowan-Ottaw

Bobbie McGowan-Ottaw — Sun, 08 Mar 2009 12:59:25 +0000

Fair statements to make for any market, and very sound advice.

By: Jim Dolanch-Pittsbur

Jim Dolanch-Pittsbur — Sun, 08 Mar 2009 12:42:23 +0000

Jay, that was a wonderful fair and balanced overview of your market-the same could be said anywhere right now, and that is a great point to make. It doesn't matter what deals are out there-if you can't afford to buy-and make the payments-, then no time is good. And vice-versa.

By: Esko Kiuru

Esko Kiuru — Sun, 08 Mar 2009 12:21:34 +0000

Jay,

As you clearly indicate, it could be an excellent opportunity to buy a house in Phoenix now so long as many other things fall into place for the buyer. Does he qualify for a mortgage in this environment, for instance? Price-wise, yes, a solid buyer's market. Here in Las Vegas today's housing scene is very similar to yours.

By: Margaret Safford-Met

Margaret Safford-Met — Sun, 08 Mar 2009 12:21:13 +0000

There are some wonderful deals out there for qulified buyers, so if it works in your budget, and your job is secure, then it isn't a bad time to house hunt. **Margaret Safford-Metro Atlanta Real Estate´s last blog post..Does the Metro Atlanta Real Estate Market Mimic the New HGTV Shows?