What Real Estate Bubble?

In today's business section in the Arizona Republic is the article: RE/MAX chief looks at Valley.

Unlike the rest of the country, according to the co-founder of RE/MAX International, there does not appear to be any real estate bubble in Phoenix. In other words, the Valley is the optimal place to invest in real estate, buy a second home or buy a winter home.

Some good quotes from the article ...

But Phoenix has a long-term bull market for real estate. It's got the diversity of economy, it's got the climate, it's got the place that a lot of people buy not just primary residences, but a tremendous amount of people are buying secondary homes.

And, regarding a bubble ...

It just does not exist. If you talk about Las Vegas or a couple other places where (prices) have been going up 50 percent a year, yes, there are some problems there. Not in Phoenix.

Give me a call if you are interested in Scottsdale real estate for a good investment, or that second home.