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Thursday, October 14, 2010

Have We Hit Bottom?


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

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