The Beginning

I am a real estate agent in the great city of Phoenix. As most people know, Phoenix has been growing very fast over the past few years. The economy is booming here and the real estate market is in a perfect position for investing. Prices have stabilized throughout most of the valley. Unfortunately, those who purchased properties in the outlying areas are in for a hurt if they want to sell within the next year or two. Homes more toward the center of Phoenix are still looking pretty good. Year over year gains for August are nearly 4%. Not bad for a "bursting bubble". Most of that appreciation took place since January. There are 47192 properties on the market, that would be over 7.5 months of inventory. What a difference a year makes! And what better time to be a buyer?