Market Recovery: Are You Ready? - 02/14/08 01:17 PM
Market Recovery:  Are You Ready?
After months of doom and gloom, industry-wide panic, and talk of recession, we sure could go for some good news!  In one of my recent blogs, I suggested that the market may have bottomed out in October.  Housing inventory has not increased since then, and at the end of January, although closed sales were at a 5-year low (partially attributable to the usual holiday slump), the pending contracts to close in February had jumped by 25%.
 
What do these numbers indicate?  They further suggest that we are currently at the bottom of a very shallow trough, … (3 comments)

 

Patrick Walsh, Realtor, CNE, Green - Tempe Arizona Real Estate

Tempe, AZ

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Keller Williams Arizona Realty

Address: 3920 S Rural Rd Ste 100, Tempe, AZ, 85282

Office Phone: (480) 768-9333

Cell Phone: (602) 369-3224

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