PHOENIX - President Barack Obama came to Phoenix Tuesday to praise the housing market and the people supporting it.
People like Rosie Derryberry who, with the help of her home builder husband, are on pace to double their sales from last year. Many of their sales are flipped homes.
"If you have a good product at a good price it will sell," said Rosie who handles the selling part of the deal. She says areas in the central part of the city like Arcadia, central Phoenix, and Paradise Valley are some of the hot spots right now.
The Derryberrys have flipped seven homes in the Arcadia neighborhood alone.
Each house is about a ten month project from top to bottom and it usually sells in about two weeks.
Some real estate agents say the President's plan to get rid of Fannie Mae and Freddie Mac will help establish more accurate appraisals for traditional home buyers.
Rosie admits it's a good time to be in real estate, but warns you should know what you're doing before you start flipping homes.
Last year, Lake Havasu City and Kingman were singled out as the second most profitable places to flip homes right behind New York and Rhode Island.
According to USA TODAY, the average gross profit in that area is $87,500 and it took an average of 99 days to complete a flip.