Have we hit the bottom of low Scottsdale home price values? The optimists keep saying we should see an improvement at the end of 2011 and into 2012. They might be somewhat correct, let's face it, they're talking a year down the road.
Today's low interest rates are tempting
Others are saying that the current low interest rates are another government ploy to keep buyers in the market. And they might be correct, depending on how low prices drop in the future. At today's current rates, you'd be better off with 4.5% interest rates vs. a 10% reduction at 6% based on an average Scottsdale home price of around $300,000.
How low will prices go?
No one can say for sure, but some are predicting closer to 20% vs. 10%. There are several reasons…
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