Phoenix Real Estate Prices Increasing

It was reported this week that the home prices in Phoenix/Scottsdale area are increasing

, but that even with the increase, the value for homes in this area are still bargains showing exactly how far the value of homes dropped during the housing bubble.

Since many are still below market value, and since the areas economy has greatly diversified and grown also with the population, this is still the area where there is no better time to buy a second or winter home. The investment in second homes in Arizona brings great benefits for tax savings, investment and a lifestyle that is like a dream making second homes in Scottsdale or Phoenix some of the more sought after property in the United States today.

New businesses are also moving to this area with high-tech and telecommunication companies leading the way. There have also been the internet giants Google, AOL, and GoDaddy.com that are moving into this area, which shows that this part of Arizona is also the hot place to buy primary homes as well.

Many people are moving to the Scottsdale/Phoenix area since all the retirement magazines have crowned this area king of the perfect place to retire. This is due to the warm climate as well as the many gated retirement and golf communities in this area of the United States. So, the baby boom generation are packing up their RVs and beginning the migration to this region and buying primary homes so they can have good years of warmth, sunshine, and golf for their retirement. And no matter where you are right now that is what you should be doing also. The economy recovery is slowly beginning and it seems to be starting in Arizona first.

What you should do when looking for a home primary or winter home is to find a real estate agent who is a licensed and experienced Phoenix Realtor and is affiliated with the area Multiple Listing Service, as they will always have the most up to date listings of homes on the current market and can help you through the entire process of buying a home.

As a note please remember that not all individuals who are licensed to sell real estate are the same. Only those licensees who are associates of the National Association of Realtors are accurately known as Realtors and are dedicated to treating every party to an honest transaction. They subscribe to a strict ethics code, maintain a higher knowledge of the buying, and sell of real estate investment and your new home.

There are those who might ask why this is so important. Think of it this way, real estate transactions usually are one of the biggest financial investments that most individuals will take part in during their lifetime. And most transactions today easily exceed $100,000. If you had a tax problem that was over $100,000 would you try to deal with that without the advice of a CPA? So when looking and buying your new home or second homes remember to use a licensed Realtor.

by: Maureen Karpinski

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