There have been numerous article lately about the Phoenix market prices hitting bottom, all of the bidding wars for the remaining foreclosures and prices starting to rise. Here are a few articles for anyone who is interested in Phoenix real estate::

Recent Articles on Phoenix Real Estate Market

Phoenix’s Housing Bust Goes Boom
Bidding Battles Hit Phoenix Housing Market
Promising Signs From Valley Housing Data
Study Shows Phoenix Prices May Be Bottoming Out

To find the best deal on a home in Phoenix, call me at 1-800-300-0263 or email me at Marc@ThePhoenixExperts.com. We specialize in foreclosures and can negotiate the best deals possible. Visit www.ThePhoenixExperts.com for more information and to view all available foreclosures.

Marc Brodeur BS, DC
Lead Realtor, The Phoenix Experts
1-800-300-0263

The Arizona Republic newspaper reported on Saturday that the affordable end of the Valley’s housing market could finally be at the bottom looking up. Home sales have soared to levels not seen since 2005. Pending home sales are up 70% from a year earlier. There were 40% less foreclosures on the market during March than February. Many of the deals will be gone soon. Prices show signs of leveling off in some areas. Home prices may be slightly higher by June in the lower priced areas according to one local real estate analyst.

Click Here to Read the Entire Arizona Republic Article

Interested in buying a Phoenix or Scottsdale home before prices go back up? Call us at 1-800-300-0263 to find your new home or visit www.ThePhoenixExperts.com.

I got a call today from a Canadian client quite upset that the condo he has been admiring online is suddenly vanished from his webpage. He wanted to know what happened to his condo. It was sold, of course, to someone who ACTED rather than just ADMIRED the deal. The inventory of homes and condos at the bottom of the price range (under $200,000) are moving fast. The best properties are sold quick. He somehow didn’t think it was fair that it wouldn’t be available for him to look at when he gets here next week. The only way to “reserve” a condo until you can come look at it is to make an offer. We make offers on properties for clients in Canada all the time. It can easily be done by email. If your offer is accepted you have 10 days to come take a look at the property. If you like it – buy it, if you don’t like it – don’t buy it and get your money back during the 10 day period. It’s that simple.

If you want to reserve a great deal by making an offer, just give us a call at 1-800-300-0263 or contact us through www.ThePhoenixExperts.com. Like they say, the early bird gets the worm.

Marc Brodeur, Realtor
www.ThePhoenixExperts.com
1-800-300-0263

The latest foreclosure statistics released today from the Arizona MLS show a dramatic leveling off of foreclosures. See the chart below. Foreclosures had been rising steadily for the past 2 years. Then in January, suddenly the foreclosure numbers leveled off. We have seen this in the market very clearly with our clients. There are fewer good foreclosures. The best foreclosures are sold within 10 days of going on the market. The best foreclosures have multiple bidders and end up being sold for full list price or slightly more. The market is clearly turning in Phoenix. The opportunity to snap up a great foreclosure deal is coming to an end. We are close to the bottom and the foreclosures are drying up. The many homeowner bail out programs are starting to make a difference. People are doing loan modifications rather than foreclosures.

Interested in getting a foreclosure bargain? Check out the foreclosures available at www.ThePhoenixExperts.com or call us to begin your search today.

Marc Brodeur, Realtor
www.ThePhoenixExperts.com
1-800-300-0263

I love it when people compare the current situation with the Great Depression because it makes it even more obvious what an incredible opportunity it is to buy real estate at today’s prices. The biggest misconception in the media, in my opinion, is that today’s situation can even be compared in any way to the Great Depression. When you look at the facts, we are not anywhere close to where we were in 1929. During the Great Depression, we had 50% foreclosures compared to approximately 2.5% today. Eighty years ago unemployment was at 25%, compared to 6% today. Obviously the economic situation is hugely different. On the flip side, prices of homes are down 50% in many areas, compared to 60% during the Depression. The prices of homes in Phoenix are down a similar percentage to what happened during the Great Depression yet the situation is completely different. What an opportunity to buy low and sell high.

Seize the opportunity of a generation and purchase a Phoenix or Scottsdale home at an unbeatable price. Log on to www.ThePhoenixExperts.com or simply call me. I am happy to help.

Marc Brodeur
Realtor
The Phoenix Experts
1-800-300-0263
www.ThePhoenixExperts.com

President Obama’s recently announced plan to help distressed homeowners will ultimately have an effect on Canadians who want to purchase a home in Phoenix. The plan’s purpose is to reduce the number of foreclosures and thus stabilize the housing market. If the plan succeeds in reducing the foreclosures coming onto the market, Canadians will no longer have the huge inventory of cheap foreclosures to choose from. As the foreclosures dry up, the market will readjust and prices will first stabilize and then begin to rise. We have already seen Queen Creek (in SE Phoenix) hit bottom and prices have begun to rise. The plan will accelerate the rebound of the housing market in Phoenix.

If you are interested in taking advantage of the crash of the housing market in Phoenix, your window of opportunity may be slipping away shortly. To start your search for a Phoenix or Scottsdale home contact me at 1-800-300-0263 or www.ThePhoenixExperts.com. Let’s get started to find your dream home.

Marc Brodeur, Realtor
The Phoenix Experts
www.ThePhoenixExperts.com
1-800-300-0263

Obama’s Homeowner Affordability and Stability Plan is part of the President’s broad, comprehensive strategy to get the economy back on track. The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure. In doing so, the plan not only helps responsible homeowners on the verge of defaulting, but prevents neighborhoods and communities from being pulled over the edge too. It will enable up to 5 million families to refinance their mortgage to lower their payments through conforming loans owned or guaranteed by Fannie Mae or Freddie Mac. It will allow Judicial Modifications of Home Mortgages During Bankruptcy for Borrowers Who Have Run Out of Options. It will provide $1.5 Billion in Relocation and Other Forms of Assistance to Renters Displaced by Foreclosure and $2 Billion in Neighborhood Stabilization Funds. It will improve the “Flexibility of Hope for Homeowners” and Other FHA Programs to Modify and Refinance At-Risk Borrowers.

The President’s plan is to reduce foreclosures and thus stabilize and ultimately strengthen the housing market. Once foreclosures are reduced the prices of homes in Phoenix and Scottsdale will begin to rise.

View currently available Foreclosures on our website www.ThePhoenixExperts.com. Call me to begin your Phoenix home search today. Everyone knows that current real estate prices in Phoenix are only temporary.

Marc Brodeur, Realtor

www.ThePhoenixExperts.com

I love it when people compare the current situation with the Great Depression because it makes it even more obvious what an incredible opportunity it is to buy real estate at today’s prices. The biggest misconception in the media, in my opinion, is that today’s situation can even be compared in any way to the Great Depression. When you look at the facts, we are not anywhere close to where we were in 1929. During the Great Depression, we had 50% foreclosures compared to approximately 2.5% today. Eighty years ago unemployment was at 25%, compared to 6% today. Obviously the economic situation is hugely different. On the flip side, prices of homes are down 50% in many areas, compared to 60% during the Depression. The prices of homes in Phoenix are down a similar percentage to what happened during the Great Depression yet the situation is completely different. What an opportunity to buy low and sell high.

To seize the opportunity of a generation and purchase a Phoenix or Scottsdale home at an unbeatable price, log on to www.ThePhoenixExperts.com or simply call me at 1-800-300-0263. I am happy to help.

Marc Brodeur
Realtor
The Phoenix Experts
1-800-300-0263
www.ThePhoenixExperts.com

The rumor mill in Canada tends to exaggerate the state of the Arizona real estate market. Yes, Arizona real estate is ON SALE currently. Not just any sale, but a HUGE SALE. You can currently buy homes for 50% off of the prices two years ago. I have even seen some homes go for 55% off. This is a fantastic deal by anyone’s standards. This is the opportunity of a lifetime to get into a beautiful home in Phoenix or Scottsdale. This is also a great investment opportunity to buy LOW (way low) with the plan to SELL HIGH in the future. This is the current reality of the market in Phoenix and Scottsdale.

When you hear absurd stories about people buying a 1.2 million dollar house for $250,000 in Phoenix these days you need to realize that is an exaggeration. That is simply not a true story. Do you really believe you can get a house for 80% off?? Perhaps the story teller meant that the house would be worth 1.2 million in Calgary or something like that. Then the story was passed along without that part. Remember, if it sounds too good to be true, it probably is.

Take advantage of home prices HALF OFF and grab the opportunity of a lifetime. Call me about how you can easily buy the home of your dreams. Financing is available for Canadians.

Marc Brodeur
Realtor, The Phoenix Experts
www.ThePhoenixExperts.com
1-800-300-0263

It is interesting what types of people are purchasing homes from us these days. Most of our current clients are highly educated entrepreneurs, professionals, doctors or retirees with high levels of financial experience. They are not necessarily the most affluent group, but rather the most educated group. Less educated or less sophisticated people are not buying during this so called economic crisis. It is the well educated, sophisticated buyers who know that this price correction is temporary. There’s a lot of doom and gloom being spread in the media about the housing market and overall turbulent economy. The sophisticated buyer knows that this is the perfect time to “buy low and sell high”. They want to take advantage of falling housing prices to strengthen their financial portfolio. Anyone who has good credit and a small down payment can get a loan with one of our lenders and purchase real estate in Phoenix.

Interested in buying Phoenix or Scottsdale real estate? We can help you get financing, find your perfect investment or vacation home, and make your dream a reality! View our website www.ThePhoenixExperts.com.

Marc Brodeur, Realtor
The Phoenix Experts
www.ThePhoenixExperts.com
1-800-300-0263