With real estate prices in a constant state of flux and mortgage rates the lowest they’ve been since the early 1970’s, isn’t it time to buy a home? At Arizona’s Family Team, KWSL we believe that the real estate market is prime for first time home buyers…and the time limit for the $8000 federal tax credit expires at the end of November. In fact, to qualify you must be a first time home buyer, (or not owned a home in the past 3 years), and close escrow prior to November 30th, 2009. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

Don’t fret if you’re not a first time home buyer. You can benefit from low home prices and even lower interest rates too. Ahwatukee and many parts of the valley such as the Ocotillo Community in Chandler have steady inventory levels of homes for sale.

There are limits to the tax credit. Click here to learn more.

Real estate these days is anything but normal.  In this ever changing landscape, I will provide my expert opinion about what’s going on in the world of real estate.