In the past 6 years we have experienced a crazy Real Estate market. Short sales and foreclosure have dominated the re-sale market. In order to return to a "normal" market we have to go through all the homes in default. How much longer this will last? No one really knows.
If you are looking to buy a home. There are a lot of great properties at great prices. Interest rates are low.
Don't be afraid.
http://www.arizonahomesbynorma.com/listings/areas/26370/propertytype/SINGLE/listingtype/Foreclosure%20Bank%20Owned/
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