So are we going to call this year two thousand ten, or twenty-ten? I think I prefer twenty-ten.  Most of us in 2009 worked harder for less money.  It seemed like everyone spent the least they could spend and simply “hunkered down for the winter”.  Twenty-ten brings optimism, hope and cheer.  In Arizona, the real estate industry will come back sooner than most predict.  Let me explain…..the baby boomers are starting to retire; however, they have not started their retirement, sold their home in the Midwest or East. Why? Retirees do not have the pensions companies afforded them previously.  The 401k, which retirees have to depend on, took a huge hit and now many are concerned with the stability of the stock market.  Equally perplexing is the fact that retirees are finding it difficult to sell their home for the price they had planned and move to the desert southwest.

I HAVE THE ANSWER!  (By the way, baby boomers are very smart).  Sell your home in Ohio for 1/3 less than you thought it was worth and buy a home in Arizona for 1/3 less than the value – now it’s even. Your 401k will be fine.  In Arizona, you will not freeze to death or your utilities be wildly expensive.  Enjoy the greatest state in the Union for weather, beauty and way of life.

When the above occurs, home inventory will go way down, commercial buildings will begin to lease and the real estate industry will be back.

What can you do?  Contact all of your friends and relatives that live elsewhere and enthusiastically “pitch” our state to them.  One other thing, try not to stigmatize our industry to others….there has never been a better time to buy real estate in Arizona….CHEAP PRICES, LOW INTEREST RATES.

Your Buddy & Friend,
Dave