Trulia recently came out with a report finding that it is more affordable to buy than to rent a two-bedroom home in 72 percent of America's largest cities. The report lists the top 10 cities to buy instead of rent with Mesa ranking number four and Phoenix number five. Further, a recent government report cited the fact the average net worth of renters was $4,000 compared to $184,400 for home owners. If you look at Redfin and Corelogic's most recent reports it is very likely the Phoenix metro area is at or very near the bottom of the market relative to price. Combine all these factors with extremely low interest rates and buying a home is definitely worthy of consideration. The issue I'm seeing is many people have been hurt financially as a result of the poor economy and do not feel they have the credit scores to qualify for a home loan. Fixing your credit score seems like a daunting task, but there are people who can help. I've seen 50 to 100 point jumps in FICO scores in 60 to 120 days enabling borrowers with mid-500 scores to buy a home and begin to financially recover.