Phoenix Area Home Prices Starting to Increase

I just read an article from the Phoenix Business Journal regarding homes prices.    Everyone is always wondering when the real estate prices will have hit bottom.  That is something we can’t tell until prices have started to increase and we are past the bottom.  We have seen greater competition by buyers in the market place and reduced inventories compared to the recent past years. 

This is a great time to buy a home.  Prices are still low but looking to slowly increase going forward.  Additionally, interest rates are at historically low levels.