Arizona Home Sales on the Rise - Instant Tax Credits, Incredible Home Values and Low Interest Rates, According to Preferred Team RE/MAX Integrity REALTORS.

First-Time Buyers Are Motivated to Buy Now before Inventory Shrinks and Incentives End

PHOENIX -- Arizona's housing market is showing signs of growth. Pending transactions are at an all-time high and activity is picking up throughout the Valley. Savvy first-time home buyers are creating most of the action today. Why? First-time home buyers will automatically receive a $7,500 tax credit when they file their 2009 taxes. For example, if you owe $1,000 in taxes, you will actually get a check for $6,500. First-time buyers should hurry and take advantage of this offer now. It's ending soon and the market is changing quickly. Dave Liniger, Founder of RE/MAX International, agrees that, "These provisions represent real economic stimulus. They will put money in the hands of millions of homeowners, increase sales, stabilize home values and add more revenues to local communities in the form of property taxes."

"Today's Real Estate Market provides a unique and affordable opportunity for first-time home owners to realize the dream of home ownership with little or no money down," says Jeremy House, Certified Mortgage Planner, Prime Lending. "By capitalizing on rock bottom home prices today, historically low interest rates and a never before seen tax credit of up to $7,500 for first-time buyers, many renters can now own their own home for much less than they ever thought. In the years to come, people who didn't buy now will be saying, 'I wish I would have bought back in 2009.'"

The pace is picking up. Buyers are committing, purchasing homes and getting unheard of values. Diana Durham, Founder of the Preferred Team RE/MAX Integrity REALTORS, states that the proof is in the numbers. "Property under contract not yet closed rose to over 9,000 properties. The number of homes on the market is decreasing and we are approaching under 50,000 available homes. We are seeing multiple offers on properties. Smart buyers are winning - and winning big."

"We're very pleased that home sales are starting to pick up," said Margaret Kelly, Chief Executive Officer of RE/MAX International, Inc. "Lower home prices are certainly motivating buyers and this is exactly what the market needs right now."

For more information on the Arizona Housing Market, listen to Diana Durham's podcast here: http://www.talkrealty.com/dianadurham. For instant financing and more info, visit http://www.thepreferredteam.com/.

About Diana Durham

Diana Durham, founder of The Preferred Team RE/MAX Integrity REALTORS, has over 30 years in the real estate industry. Diana's objective is to provide extraordinary service including: frequent updates, education in current real estate issues, connecting buyers with the best financing options, appreciable neighborhoods and viable real estate products.