In a recent article published by Money Magazine, Arizona Ranked as one of the top 5 states where recovery would take the longest with 51% of homeowners underwater or upside down in their homes. While there are many factors that must to be considered to identify full recovery, I was intervied by ABC 15 News for my opinion on the article and the recovery of Arizona. IIn my opinion it depends on how one defines recovery. If Recovery is defined as homes are selling supply and demand are not out of control asking prices and sales prices are within a 3-5% range than we have alread seen that. 2009 was the 3rd best year in Arizona for closed sales. 2010 is on a similar track. However if the defenition of recovery is that the prices are equal to that of the 2006 high we are at least 10-15 years away. You can watch the video interview piece at the link below.
If you are looking to buy or sell a home. Whether it is a new home a resale home, a short sale, or a bank owned home. ask the realtors you interview if they can get you massive internet, and television exposure. Why, because in today's market you need your home to stand out. Marketing and effective pricing are the two things that sell homes in todays real estate marketing. My cutting edge video marketing got me an interview with Christina Boomer of ABC 15 news and since then I have become the go to guy/realtor for real estate related storiesand advice or statistics for ABC 15 news. This type of exposure is crucial and so is being an expert in the field of real estate sales and understanding each aspect of the market (buying, selling, bank owned homes, short sale negotiations, new homes and more). Check out the latest story from 5/19/2010 done by Christina Boomer ABC 15 news, interviewing me regarding the market recovery of the Arizona real estate marketing at the link below. Call me with questions or for a free market analysis or consultation on your current situation whether you are an equity seller or upside down we can help you work through the financial hardship and get you on the road to recovery as soon as possible. If you have a Wachovia serviced mortgage, the short sale process is quick and easy with direct contact to the local area representative that gets approvals in less than 30 days on a typical short sale transaction!Thank you Kenthttp://www.abc15.com/content/financialsurvival/azstories/story/Experts-say-Valley-housing-market-won-t-recover/-mPKf73ay0G-x_27nNeqGQ.cspx
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