Home prices are projected to rise 9% through 2014 by the ASU Carey Real Estate School. Prices have been rising steadily recently.
With mortgage rates at near record lows right now, you may be able to purchase for close to what you can rent for and avoid future price and mortgage rate increases.
To help you decide, I can send you for rent or for sale homes with your requirements.
Also, while it lasts there is a 5% of the loan amount free grant for moderate income buyers in Maricopa County (6% for Veterans).
Call me if you have a question.
Jeffrey Masich, Realtor, GRI, MBA
Arizona homes and land for purchase or sale