Fortune Magazine recently released an article called “6 Real Estate Bargains”. Phoenix made the list as did Miami, Las Vegas, San Diego, Tampa and Denver.
The rationale for Phoenix being a bargain was that home prices have been consistently dropping in the recent past. However, this does not mean all areas are equally impacted. Some areas have seen more modest price decreases whereas communities located further away from the metropolitan area have seen steeper declines, some up to 20-30%. Communities that are highlighted as having good bargains are Sun City Anthem, Palm Valley, and Avondale.
To read the entire article, please click here.
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