Real Estate Improvements Based On Arizona Housing Recovery

After years of foreclosures, undersold homes and halted construction, Arizona can finally see the light at the end of the tunnel. In a recent report by Fox News, Arizona has gone from being one of the worst housing markets in the nation to the leader with four percent growth in the past year. Jim Nyquist, Texas-based real estate agent and analyst, sees Arizona's recent real estate success as a prediction for promising housing recovery rates across America. The market shift has investor's excited and home buyers facing increased competition when it comes to purchasing Arizona property. Not too long ago, the state had people selling their homes for way less than they were worth, in fear of losing even more value. Today, home buyers have to act cautiously to make sure homes are not being oversold, according to the Fox News report. So what does this mean for real estate sales in the rest of the country? Jim Nyquist believes that it is only the beginning of higher property sales nationwide. Nyquist adds, "I've had over thirty years of experience in this industry - I've seen the best and the worst. It's important to realize that the construction of a new housing development in Phoenix will excite agents and contractors, but it is also a cause for celebration for everyone involved in the business." And Nyquist's predictions aren't unfounded. When compared to last year's housing prices, another report highlights notable first quarter pricing increases for markets in Colorado, Virginia, Ohio, Nevada and Iowa.

Click here to view this article from its source.