The Phoneix real estate market is abundant with properties that are great investments, not only for home buyers, but for investors looking to make a nice profit in the next few years.  I just purchased two houses recently  in the $50's that originally sold for over $200,000.  Granted, I had to put some money into the homes to make them habitable again, but still, the return on my investment is excellent.  For the Phoenix home buyers, with interest rates between 4.5 and 5%, they should jump into our real estate market NOW!!!  You never know when the market bottoms out, until it is on it's way back up.