As I had said in the 2008 Sedona Verde Valley Market Forecast, 2008 will be an amazing year for real estate buyers, and that buyers should look to areas and communities approaching build out.  Sedona, AZ is one of those communities buyers and long term real estate investors should be studying right now.  Sedona, Arizona currently has about a 6 year supply of vacant land on the market and offered for sale today, given the current rate of absorption.  Sedona also has only about 2-3% of bare land inventory left.  

    Many of the other communities in the Verde Valley have a little more land left, but not much more.  About five years ago a study was done in the area and indicated the entire Verde Valley had only about a twenty year supply of vacant land for development.  Currently, the Verde Valley communities have a 10-12 year supply of vacant land on the market RIGHT NOW, given the current rate of absorption.  While this is not news land sellers want to hear in 2008, buyers should open their eyes to the tremendous potential of these combined factors, coupled with one of the tried and true tenets of real estate investing....Time.

    I am not the only one who thinks 2008 will be a great year to buy...here are a few articles that present some very compelling reasons to buy real estate in 2008.

Buying a Home isn't Stupid...  Get a different perspective on the "real estate and mortgage meltdown" hype by the sky is falling media.  The fact is, most Americans lost more money on the car parked in the garage in 2007 than they lost through declining real estate values.

Could Current Conditions Mean Another Boom is on the Horizon?  National Sales were up in the month of November and interests rates are around 5.5% for a 30 year fixed mortgage.  Are buyers beginning to see the opportunities in the real estate market?

Its a Great Time to Buy Arizona Real Estate!  Top ten reasons why now is an excellent time to buy real estate in Arizona.

The Ugly House People Place a Big, Fat, BUY Recommendation on Phoenix Arizona  Homevestors has announced its top ten markets to buy in for 2008 as they are showing signs of turning around.  Phoenix, Arizona is on the list.

Real estate continues to be an amazing long-term investment, especially when comparing homeowners versus renters. The Federal Reserve reported that wealth accumulation for renters from 1995–2004 was $4,000, but for homeowners it was $184,000 for the same time period.  Homeowners had immense gains during this time, and most will weather a small equity loss just fine!

So if you are waiting to buy Arizona real estate, don't.  We have an amazing buyers market right now, and no one knows how long it will last!