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Time to sell a home?
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What is going to happen to home values in the valley?
As interest rates increase, home values/prices will decline.
5%
 5%  [ 1 ]
Strong demand for housing will continue to push prices up at a record rate
88%
 88%  [ 16 ]
Sell now!!!!!!!!!Take your profits. The valley has overbuilt.
5%
 5%  [ 1 ]
Total Votes : 18

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hazard





Joined: 20 Feb 2004
Posts: 22
Location: Scottsdale
PostPosted: 5/23/2005, 9:57 am    Post subject: Phoenix Housing Reply to topic Reply with quote
There is a good article in the most recent Fortune regarding the housing market. I was considering purchasing an additional house as a rental but have since decided against it as we may be nearing the top end of the cycle (although people have been saying this for several years, including myself). The deciding factor for me was when on a recent visit to the dentist the dental hygentist was bragging about the 12 homes she has bought in the last year (interest only loans of course). Walking around the office I'm reminded of the stock market a few years back when grandma was talking about her qualcom stock. There are many amature investors out there driving up home pricing..of course this is just my opinion.
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Shawn
I'll sell you map to Lost Dutchman mine!




Joined: 03 Jan 2003
Posts: 2592
Location: Ahwatukee, AZ
PostPosted: 5/23/2005, 4:28 pm    Post subject: Reply to topic Reply with quote
If the answers were easy . . . .
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MikeInFHAZ





Joined: 15 Feb 2004
Posts: 1401
Location: location location
PostPosted: 5/23/2005, 4:46 pm    Post subject: Reply to topic Reply with quote
selling?buying?what?

i have 2 for sale in fountain hills...
1 is $390k the other $520k
interested?
I can supply a virtual tour
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