Look to the epicenter of where the housing crisis began, Maricopa County, to see proof of economic hope. Housing prices have risen 3 to 4 percent from the previous year in one of the hardest hit foreclosure markets in the country.
Now buyers in the Phoenix area are changing course among fierce competition for properties. If a home is priced accordingly it will sell quickly. Many real estate experts are proclaiming Phoenix a sellers market once again. Buyers are now standing in line behind multiple offers for properties they wish to acquire.
Experts also believe housing prices in Maricopa County have reached their floor and are bouncing back. Recent data has indicated a shift in the market. With interest rates still low, this could be an optimal time for anyone looking to buy or sell real estate.