Friday, December 08, 2006

Arizona Real Estate Update

The amount of Arizona homes, condos, and townhomes that expired in the month of November was: 4065 according to the Arizona Regional MLS.

Total number of Arizona homes, condos, and townhomes that closed escrow in the month of November was: 6322.

Many forecasters that predicted a huge real estate market bubble burst are slowly but surely eating their words. The Arizona market seems to be on its way to recovery after hitting its rock bottom.

Mortgage rates are still at all-time lows and these companies looking to recover from slower months are offering numerous, creative ways to finance home purchases.

The Arizona market still continues to be a buyers market and it is a great time to purchase a home in order to take advantage of tax benefits for the 2006 calendar year.