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
