Real Estate prices have come off the boil - is 2007 / 2008 going to be the year of the "deal"? With inventory levels high in many areas the bargains seem to be emerging in the form of foreclosures and highly motivated investors and property developers looking to unload in the face of a bleak outlook. Trying to time the absolute bottom of the market may not be the very best strategy, with interest rates staedy things might just kick start later in the year. If you have the ready cash right now is a pretty good time to cherry pick your favourite area for a bargain.

You are on track by stating that it is a great time to cherry pick. In Arizona, many sellers are moving up to larger homes and are trying to sell their current homes in order to move into new builds. I believe that we have hit pretty close to the bottom in some Arizona areas and that while we may not experience the norm in appreciation, prices will remain steady and slightly take an upward rise toward the last portion of 2007.

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Casey and Trisha Ross-Welcome Home RealtyAvondale, Buckeye, Goodyear, Litchfield Park and Surprise Arizona Real Estate

Casey - I think you might be pretty close to the mark with your comments. The smart players don't try to pick the top or bottom of the market, always leave something in it for the next guy I think they say. This is true for property and stocks in my book - you can still make good ground working the middle areas of any investment cycle and you don't need to get greedy. That is often when you get your fingers burned. If your buying today chances are your buying well. Long term your always going to win on property.