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Is Now a Good Time to Buy A Home in Phoenix?

I've been in the Phoenix and surrounding communities since 1996 and home prices have never been better.  Now, I'm not a Realtor, but I know quite a few and many are extremely optimistic about the real estate market here in the Phoenix metro area.

I will be highlighting a few of my realtor friends, in the coming days, to share with you their insight and current experience in the real estate arena in which they are intimately involved day by day.

I'm not a Realtor myself but I am an investor and own several rental properties here locally.  I can tell you first hand that now is as good a time to buy your home or an investment property as there ever will be.  If you're renting you should consider buying a home, if you're stable and want to add investment real estate to your portfolio you should highly consider it.  Many Canadians are buying property right now in the Phoenix area because the prices have never been better.  If they're looking at our Phoenix market so should you.

Katie Halle, a friend and Realtor, owns the Halle Group, at Keller Williams Sonoran Living and has been helping people buy property in Scottsdale and the East Valley for many years now.  She knows the market well and has great insight into why now is a good time to buy real estate.  For those on the fence, pay close attention to her demonstration of how interest rates will affect how much home you can purchase.  Even a small jump in rates can add hundreds of dollars to your monthly payment and reduce your purchasing power by tens of thousands.  Check out her 5 minute video titled Good Time to Buy?.

Of course, as your Independent Insurance Agent, I can assist you with your home insurance if you're buying a home or renters insurance if you should decide to wait.  Either way, you should consult with a professional who understands your insurance needs and will shop for the best policy at the lowest price for your insurance budget.  I'd love to help you.

Author: Richard Morris

Richard Morris, an independent insurance agent in Chandler, Arizona, has been serving and helping Arizona families with all their insurance needs for over 23 years. Visit his website at to see all the ways he can help you with your insurance needs or call the office at (480) 336-2707 or toll free at (888) 907-9349. Connect with Rich on Google+ and Twitter


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Matthew Coates said...
Richard, interesting you wrote this post 7 months ago. In hindsight it was a better time to buy then than now. Prices are up 20-25% during the last 12 months. If someone can get their hands on a piece of property they are fortunate, as prices will continue to head up throughout the summer.
MONDAY, JUNE 11 2012 8:28 AM

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