If you are a buyer looking for a property in Sedona Arizona then now is the time to buy. Mortgage rates are low and there are some bargains to be found! The Realty times notes that in previous market corrections in recent history in the periods where those corrections occured there were actually price rises!

Many areas of the country are posting increasing sales and falling inventory, this signifies a housing recovery and with recovery this could bring price rises!

During the early 1991 home prices nationwide fell 12% but in the recovery period of 1992-1995 they grew 39%! Right now some areas of the country have seen prices fall back to 2004 levels, but in the recovery period who knows how much they will grow! As the article states: "Ask yourself — do you want the next wave of equity, or do you want someone else to have it?"

Even between 1990 and 2000 overall prices grew 20% and between 2000 and 2007 they doubled. Therefore as a long term investments homeownership can be a great way to build your personal wealth as well as taking advantage of other tax incentives that go along with home ownership.

If you are considering purchasing a home now to take advantage of the market then please contact Claudia Ault on 928-301-3016 for professional Real Estate advice in Sedona Arizona and the surrounding communities.

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