Market Update 4-15-09

Market update

I just read an interesting market summery of the Phoenix area Real Estate Market. It stated that the month of March is a good indicator of the coming summer. I seems that Sales volume is up and climbing and the decline in median home is slowing this could mean the bottom is close.

The number of foreclosure cancelations is nearing the number of actual foreclosures giving some relief there. But there is still a cloud in the horizon the number of active notices are still high. Depending on how they are handled buy the banks and federal government will determine the speed of the recovery.

Over all thing are looking very promising as we see more and more investors entering our market especially those from California.

I believe that the investor indicator as I refer to it is a very good indicator of what’s to come. Where investors go the rest follow.