Phoenix Traditional Sales Are In Demand

July 31, 2012 - PRLog -- You might be hearing horror stories about foreclosures and short sales these days, but the truth is it’s all rosy as far as the housing market in Phoenix is concerned. The numbers indicate this. And this is good news to people who are thinking of investing in Phoenix properties or the Phoenix real estate business.

Available data reveal that of Phoenix area’s home sales, traditional sales accounted to close to 50 percent. When traditional sales are up, it means there are less foreclosure and less short sale. A short sale refers to a pre-foreclosure in which the lender agreed to put the property on sale at an amount that is less than what is owed. There’s also been a sales increase of over 30 percent.

Included in this statistics are purchases for Phoenix second homes, whose popularity continues to increase among people who want to invest in house and lot. Ask any Phoenix realtor, or Scottsdale realtor, and he will tell you now is the best time to invest in Phoenix real estate business.

Recovery After A Slump

The question now is whether the increasing demand for Phoenix properties is a sign that everything’s back to normal for good. The definition of property can be subjective. If you are an ordinary homeowner, you expect recovery to give you back your home value to its purchase level. Whether that will come true or not is an open question.

If you take another meaning of recovery, you will talk about market structure. In this case, foreclosures will have to account for three to five percent of the market, or that’s a fraction of the present level.

For all purposes, a recovery in housing, whether it has to do with Phoenix properties or Phoenix second homes, is always an indication of an economy that is growing since it means declining interest rates. In this state of the economy, people feel they are more secure with their employment enough to think of upgrading, such as buying new properties because the interest rates are low.

Investors are the ones energizing the market right now. They buy homes left and right lured by the very low prices. It doesn’t matter what they plan to do with the properties. What matters is that they are making the market alive. However, some sectors express concern about the market being dictated by investors instead of the buyers, like you, who will be using the homes. All taken into consideration, it is safe to say that it’s a rosy picture for Phoenix real estate business.





Taking Advantage Of The Situation

As advised by many experts, now is the time to make that property purchase you have been keeping on hold for years. But don’t rush and don’t be careless. More importantly, don’t think that you can handle everything on your own. Get help.

And when we say get help, we mean hire the services of a Phoenix realtor, or a Scottsdale realtor, who will facilitate the purchase for you and make everything smooth. Some buyers, in their attempt to save on costs, do all the work. This is wrong. On the contrary, you will end up spending more in the long run because you are not trained to do this.

You can do your homework, like researching about real estate properties and the real estate business, but when it comes to the field work, you need a Phoenix realtor to help you. You might have to spend a little more, but you can be assured that the purchase will be smooth, and you will get a good deal.



Maureen Karpinski
Find your Phoenix Arizona Property at http://www.cactuscountryproperty.com/city/phoenix.htm
Posted by Cactus Country Arizona Homes & Properties http://www.cactuscountryproperty.com