It is August 09 and we finally have cooled off a bit...in housing. It is still 105 degrees outside! We have been selling 9000 + homes for more than four months now, negative inventory has been gobbled up by deal hungry investors and buyers alike. This purchasing frenzy sales cycle takes me back to 2004-05 when we were selling the same numbers of homes in record numbers like we are now, this time around however bargain prices and bidding wars on property is the norm.

The tax credit is going to fade away Nov. 30th so get your self in and closed escrow before then. Once this market corrects itself (my opinion AZ will follow the rest of the country 8-12 months behind national recovery) because of the overbuilding we did here. I really hope the fed's continue to pursue the guys who packaged up credit portfolios that they knew were toxic and sold them anyway, put them all in prison, their assets seized and distributed back to the investors and the American taxpayers that they ripped off. The market and our country will recover, just hold on and stay positive.