It's a Buyer's Market...and remember, this too shall pass......

It's home-buyer's market, but buyers scarce, from the Arizona Republic, reports that while the current housing market is a buyer's market, buyers are hard to find. "The real reason why people aren't buying is they can't sell," said Jay Butler, director of Realty Studies at ASU. "Even though interest rates are down it's increasingly difficult to get financing, especially if you're stretching income a little bit to buy," he added. With the big run up in prices over the last several years, younger buyers may have a hard time with payments. For move-up buyers, there's key thing to remember, said Susan Paveza, a realtor with RE/MAX Alliance in Gilbert. "You might be selling for less, but you also might be buying for less," she said. Media coverage is having an impact on the market, she added. "The negative press is so terrible. I think the smart ones are buying now, while your media people have all the sellers thinking everything's so terrible," she said. According to the Arizona Regional MLS, there are 43,704 homes for sale in Maricopa County, said Kristine Devine, a certified residential specialist with Keller Williams Integrity First in Mesa. http://www.azcentral.com/community/gilbert/articles/0914gr-buyers0914.html