This post listing 5 Great Reasons to Buy a Home Today was just posted by Steve Harney. Steve is a great real estate trainer/analyst, and tells us why he is so happy that his son just bought a home.
Read it Here. 
Jim Little, your Sun City Neighborhood REALTOR© I try a “Little” harder

The Phoenix area real estate is rising from the ashes just like its namesake, the mytical bird.
The lowest priced homes, under $100,000 are selling withind a few days, often with multiple offers.
Bank owned homes, (REO) ar also selling very well. REO new listings have been averaging 4,000 per month. Pending sales in this category are [...]

Pending home sales are up 7% nationwide.
Credit Suisse reports real estate buyer activity is up 20-28% in the Phoenix market. Much of the activity is first-time buyers and investors. I have said often it is the first-time buyer who will lead the way and get us out of this recession.
Investors are paying CASH. It is [...]

The real estate market in Sun City is continuing to show signs of recovery. We have 708 active listings, 107 of which were sold in the month of May. The resulting absorption rate is 6.16 months of inventory. As I have said before, 6 months of inventory is a balanced market, favoring buyers and sellers [...]

A few pieces of good news for the day.

The Home Affordability Index is the best it has been in the 18 years of its existence. 73% of homes for sale were affordable by the median  income family($64,000 as of this writing)
Mortgages were still artificially low, subsidized by the Federal Reserve. This can’t go on forever [...]

The real estate market in Sun City is showing mixed signs of recovery. We have 770 active listings and 123 listings were sold in April. This results in 6.26 months of inventory. This 6.26 months of inventory (absorption rate) is very significant. An absorption rate of 6 is considered to be a balanced market. More than [...]