The big question is "have we hit the bottom of the market yet?". No one really knows the answer but we all speculate. Here is a chart from Money Magazine (August 2009) that has projections on where we still have to fall. The numbers aren't pretty in many places, Arizona included. But, it could open up the market for investors. If you have money to invest, you may want to seriously consider buying a rental property.

Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team!!