Today's Marketwatch headline: Existing-home sales fall 3% in March. Existing home sales in the greater Maricopa/Phoenix market continue to exceed 2008, breaking records; year to-date by 67.7%, in March by 79.8% and April to date at 79%. Current interest rates, the available distressed homes offered at prices from 2003 or earlier continue a trend that is making major inroads in the current inventory of single family homes. Today's inventory of single family homes is approximately half of the inventory on January 1, 2009.
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