You are thinking of buying a home – but not sure if now is the \u00e2\u20ac\u0153right time\u00e2\u20ac\u009d.\u00c2\u00a0 If you are waiting for the perfect time \u00e2\u20ac\u201c it was May of 2011. It isn\u00e2\u20ac\u2122t coming back.\u00c2\u00a0 I fully understand that numerous national experts are blathering on about a \u00e2\u20ac\u0153bubble\u00e2\u20ac\u009d and the big problems that will result from all of the institutional investor owned homes in thePhoenixarea.\u00c2\u00a0 All of the people spewing this nonsense (even the ones wearing suits and who have a doctorate degree) have one thing in common: they have no actual grasp of the market and aren\u00e2\u20ac\u2122t really very good at counting either.\u00c2\u00a0 Don\u00e2\u20ac\u2122t rely on them to guide you on the decision to buy.\u00c2\u00a0 Did any of them tell you to buy back in May of 2011?\u00c2\u00a0 Nope.<\/p>\n
Arizonaprices would need to rise another 48% to make a new all time high.\u00c2\u00a0 Foreclosures here (a meaningful LEADING indicator) are already below<\/em> normal.\u00c2\u00a0 Short sales are falling fast.\u00c2\u00a0 The rate at which prices are rising is slowing as the market returns to normal.\u00c2\u00a0 Interest rates are no longer at record lows but still much<\/em> lower than the average mortgage interest rate (8.6%) for the past 40 years.\u00c2\u00a0 A year or two from now, people who wait will say I should have bought back in the last quarter of 2013.<\/p>\n \u00e2\u20ac\u0153Prediction is very difficult, especially about the future.\u00e2\u20ac\u009d<\/p>\n ~ Niels Bohr<\/p>\n","protected":false},"excerpt":{"rendered":" You are thinking of buying a home – but not sure if now is the \u00e2\u20ac\u0153right time\u00e2\u20ac\u009d.\u00c2\u00a0 If you are waiting for the perfect time \u00e2\u20ac\u201c it was May of 2011. It isn\u00e2\u20ac\u2122t coming back.\u00c2\u00a0 I fully understand that numerous national experts are blathering on about a \u00e2\u20ac\u0153bubble\u00e2\u20ac\u009d and the big problems that will result […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-358","post","type-post","status-publish","format-standard","hentry","category-home-values"],"_links":{"self":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=358"}],"version-history":[{"count":1,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/358\/revisions"}],"predecessor-version":[{"id":359,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=\/wp\/v2\/posts\/358\/revisions\/359"}],"wp:attachment":[{"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nohasslelistingblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}