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Where the housing boom goes on

Where the housing boom goes on
by Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate

A good portion of the country is stuck in a Real Estate 'flat'. Or maybe even a little bit of a 'bust'. This is certainly not the case everywhere. Read this article from money.cnn.com. Various places are posting double digit price appreciation! How is this possible? Numerous reasons are given, but I think it boils down to a few basics.....

Didn't appreciate during the boom
Job growth
Population growth

There are places that have some of these signs but haven't appreciated in the last year. Phoenix, for example, continues to demonstrate strong job and population growth, but we already 'boomed'. Real Estate is local - check your local conditions for a better understanding of what your market is doing and WHY its doing it....

Thanks for Reading :)

Kaushik Sirkar, Chandler AZ REALTOR
http://www.homesphx.com

Posted by Kaushik Sirkar on 06/28/2007 03:00 AM

Comments (7)

arizona real estate, real estate boom

This post has been included in Arizona Information

7 Comments on Where the housing boom goes on

JUN

2007

Kaushik, too bad I wasn't an agent when my area was appreciating at double digits =) Single digits will have to suffice. lol

Kaushik,

I just returned a few weeks ago from a vacation in Phoenix. But I am not sure where the market will be thriving..I think it is a problem in most states right now.

Here in New Orleans, La. many agents are down. My agents and myself included have many buyers and sale on the books, sales for my organization are in pretty much meeting my expectation. Every thing from SFR to investment property is moving ....

m876k

Kaushik, we are neither booming or going bust around here. I would love for things to take off again, but I will take what we have over what I hear about some areas where property values are going down.

JUL

2007

I think the values in our area of AZ are stabilizing (at least I hope so!). With new construction and a lot of resales still sitting on the market it's tough to really know what the true values are. The statistics are always a bit skewed, median house value doesn't really tell the story as the lower priced homes are the fastest moving segment which skews the average price low.

I too wish I'd been selling out here in Gilbert in 2004-2005. Alas, late again ;)

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