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<blockquote data-quote="UPS Lifer" data-source="post: 955680" data-attributes="member: 9789">Re: ObamanomicsThe real estate market is on an upswing right now, especially in Arizona.&nbsp; We are finding that homes below $400K are getting multiple offers and the inventory is decreasing.&nbsp; December is supposed to be a slow month but not here in Sedona or Phoenix for that matter.&nbsp; January was a banner month for closings. The best since 2005 and some realtors insist it was the best January in 15 years. I believe that investors are taking money out of the stock market and buying real estate.&nbsp; Our buyers are either close to retirement or retired.&nbsp; Investors are clearing out the inventory in Phoenix. Interest rates are at historical low levels right now. Here is where Obamanomics comes into play...IMO people feel that there will be a change in leadership come November and they want to cash in now while the market is at the bottom.&nbsp; It is my belief that come August the market will stagnate for the same reason (the election). It will not improve until after the election but then it should move very strongly in an upward direction once BO is out.Here is the blog <a href="http://sedonaproperty.blogspot.com/" target="_blank">Sedona Real Estate - Sheri Sperry</a></blockquote>

[QUOTE="UPS Lifer, post: 955680, member: 9789"] [b]Re: Obamanomics[/b] The real estate market is on an upswing right now, especially in Arizona. We are finding that homes below $400K are getting multiple offers and the inventory is decreasing. December is supposed to be a slow month but not here in Sedona or Phoenix for that matter. January was a banner month for closings. The best since 2005 and some realtors insist it was the best January in 15 years. I believe that investors are taking money out of the stock market and buying real estate. Our buyers are either close to retirement or retired. Investors are clearing out the inventory in Phoenix. Interest rates are at historical low levels right now. Here is where Obamanomics comes into play... IMO people feel that there will be a change in leadership come November and they want to cash in now while the market is at the bottom. It is my belief that come August the market will stagnate for the same reason (the election). It will not improve until after the election but then it should move very strongly in an upward direction once BO is out. Here is the blog [url=http://sedonaproperty.blogspot.com/]Sedona Real Estate - Sheri Sperry[/url] [/QUOTE]

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