Sub $200K market-Did they say "Hot"?

There is a very instructive article in the Arizona Republic that might portend what we will see happen in the coming months. Its a very good read, and what it speaks to is a theory that I have some faith in and that is that first time homebuyers are out there and have wanted to buy for a few years, and now they finally have a chance to buy reasonably and with a good interest rate. Of course, investors recognize this too, as there are some relative bargains to be had out there, but people from investors to first time homebuyers are beginning to recognize just what a value homes at that price in the valley are. When the media starts attaching words like"hot" to the housing market, it does start to change perception of what is actually happening.