Our nation has suffered some severe home value declines over the past 3 years, the investment property market has been tough…finally some good news. U.S home values have shown signs of recovery and growth in May for the first time in a long 3 year stretch.

Many indicators are showing that the Phoenix housing market is improving. Pending home sales, a forward-looking indicator based on signed contracts, rose in June for the fifth straight month. And in April, pending home sales had their biggest monthly jump since October 2001. Existing home sales rose 3.6% in June and 2.4% in May, with some homes receiving multiple offers. And the most recent Standard & Poor’s/Case-Shiller 20-city housing price index shows a month-to-month increase of 0.5% in housing prices in May. It is the first monthly gain since July 2006. This has led some industry experts to anticipate that the decline in housing prices will soon bottom out if not there already. The time to purchase an Arizona Income Property is now.

Our nation has suffered some severe home value declines over the past 3 years, the Phoenix investment property market has been tough…finally some good news. U.S home values have shown signs of recovery and growth in May for the first time in a long 3 year stretch.

Foreclosure homes in Arizona are anticipated to see a spike in the next month, which will mark the bottom and last push by banking institutions and Assets companies to release their Toxic assests.  And with recent efforts of the government, confidence is moving higher and we are beginning to see signs of recovery in other areas as well.

 The economy is in no way out of the woods yet, but when new investment potential homes in Metro Phoenix are selling at prices unheard of in years (10 to 30% of contemporary market values) why not invest your money in one of the most proven ways to accumulate wealth…owning Real Estate.

 Where prices of Phoenix homes are heading from here….well Phoenix home sellers and owners are hoping up of course ; ) but no one can foresee the future. However, with the low price of homes in the Phoenix current market, coupled with government intervention for loan modification for existing homeowners, $8,000 tax credits for Phoenix first time home buyers and historically low interest rates, the Phoenix homebuyers have began to come out of the woodwork and shop around. More Arizona homeowners are showing signs of wanting to remain in their homes and have modified their loans, cutting out the short sale, foreclosure and distressed inventory will bring begin a slow up rise of the phoenix market values.