Not my words, this is the headline from a Business Week writer, Marc Roth.

His position, interest is at ~5% for a thirty year fixed loan. This is a historically low rate, the lowest in 40 years. You can read the original article HERE.

In addition to the points Mr. Roth writes about, think of these.

• Inventory is at a healthy level(827 Active listings in Sun City alone)
• The average list price for a 1435 square foot home is $134,388. This is about $93.00 per square foot.
• Prices are at the 2002/2003 levels.
• 82 homes have sold in the last 30 days, a traditionally slow period.
• Lending guidelines are tightening for all types of home loans.

Consider this, Sun City prices are a great bargain for a home in the sixth largest metropolitan area in the US. Compare the values to New York, Chicago or L.A. and see if you don’t agree.

All in All, good words if you are thinking about a new Sun City neighborhood home.

Jim Little, Your Sun City Neighborhood REALTOR®