Notes and Opinions from one of Arizona's Most Trusted Loan Teams

If you have been waiting for the "bottom of the market" to make a buying decision, it's here. Investors have been flooding into the Phoenix area buying houses at today's bargain basement prices. Maricopa County is currently showing 12,000 sales in escrow. On top of the 4700+ closings in February, these are the highest activity numbers since 2005!

Big investors are buying houses in multiples. They wouldn't be doing this unless they were pretty sure these are the best prices likely. If you want a home for your family, now is the time to get off the fence and jump in. Even the doom-and-gloom news media is starting to acknowledge that the market is showing solid signs of life.

Home prices are at about the same level they were 10 years ago and rates are as low as they have been in 20 years. The timing couldn't be better for the average homeowner. Plenty of money is available if you have a credit score over 620 and sufficient income to qualify. What are you waiting for?