Home affordability is at an all time high. Interest rates are unbelievably low.
Some analysts suggest these factors will spur an onslaught of activity. Increase in demand, reduction in inventory, a rise in home prices and new construction picking back up.
We've all wished for the crystal ball - some of us realize we the ship has sailed without us. Real estate experts - and now more and more media reports - are suggesting we've hit the bottom. One way to test that theory is to do nothing. Sit back and watch what happens. Just don't say, "I wish I would have..."
Check out what Beacon Economics says in REALTOR® Magazine-Daily News-Economists Say Housing at Bottom
Time will tell, but if my business is any sign, things are definately picking up.
©2010 Tom Weiskopf, PLLC. Tom Weiskopf, PLLC is an AZ licensed real estate agent with John Hall & Associates serving the Phoenix area. For more information, Tom can be reached at (602) 953-4000 or via e-mail at phxareahomes@gmail.com.
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