Over the past year, there has been speculation that a complete recovery for the housing market is on its way. The truth is markets all over the country have been improving, including those in our area. According to a recent CNN article, we now have another reason to believe that a housing recovery is imminent because Phoenix, Arizona, where the housing crash began, is once again booming.
Phoenix has been one of the worst areas for housing for the past several years. Now, experts are reporting it is no longer difficult to sell a house in that area. Home sales are up 8% from a year ago and foreclosures are down 42%. Phoenix is currently experiencing a seller’s market with new listings lasting only a matter of days.
If one of the worst areas in the country is experiencing a boom in housing, can the rest of the country be far behind? All signs are pointing to a complete housing recovery in the very near future. Prince George’s County is already showing positive signs. In January, we wrote about how inventory levels in the county were at record lows. Since then, the numbers have continued a downward trend and are at the lowest level since March 2006.
With interest rates rising, there is no better time to buy a house than NOW. As time goes on and the housing market gets better and better, it will cost more and more to buy a home. Come and buy today and get your dream home before increased demand along with a shortage of listings causes prices to rise!










