By Kathy Howe on January 13, 2012

Arizona is one of 3 “red” states with negative home equity according to corelogic Q3 2011 report. Homes underwater throughout AZ. Sedona homes and properties for sale show there are good purchase values available. Kathy Howe aka SedonaKathy how2arizona real estate LLC 928-274-4088 Buyer and Seller representation

Negative Home Equity

map courtesy of Corelogic Q3 2011 Report

It appears that Arizona still has a way to go to recover from the housing market decline. But the translation is that there may be many great buys for those who are looking for properties, either for use as principal residence, secondary residence, or investment.

From a report from AZCentral.com, during the summer of 2011, shows that the “underwater” or negative home equity amount for Arizona homeowners averaged “$60,000″. The real estate market in Sedona includes many short sales and foreclosures. That is also true for most of the Verde Valley.

So now is the time for you to take advantage of buying a Sedona or Verde Valley property and begin a live of red rock vistas, small town living, and outdoor living throughout the year.