2006 and all hell was breaking lose in the Arizona real estate market. I am aware that there was the sub-prime lending issue. In reality that was a small percentage of all the buying power that was active.
The gas was definitely lower. And that in it self has caused consumer pricing to rise.
This is kind of like a scary movie. You just don’t want to have any more nightmares so you don’t watch any more scary flicks. But the movie producers keep on making them, and some how customers keep showing up.
The bottom line is that there is allot of great Real Estate deals to be had. The population is not shrinking. Foreclosure homes are flying off the shelf. Yesterdays newscast reported a good gain in residential sales, prices to clime buy next year. This is typically the trend when following a recession or downturn. The State department is lying down new roads in every direction. We are on Mars, and are considering the moon again. From what I hear every well derrick in the US is drilling.
We are Americans, and once we get back on track with some new direction. Lets hope energy self sufficiency is high on the list. Every ones confidence will again kick into high gear. It is either going to get really bad or really good. I am leaning towards Really Great !
I have been licensed in Arizona since 1984 ! Have seen many turn down. Keep your chin up, your family close and focus on a positive future.