Good News ! - Home prices in Greater Phoenix drop record amount in last 12 months !!
Ok, ok, .... Maybe good news is pushing it a little.
And I don't at all want to sound happy or overjoyed as home values, and people's net worth slightly deteriorate..
However, after everyone catches their breath from this news and looks a little deeper past this fright filled front page headline in which a report showed an average home price drop accross the board for towns like Phoenix, Scottsdale, Fountain Hills, Gilbert, Mesa and Tempe (not Paradise Valley). it may a little more easily digested as a case of "Glass Half-Full" versus "Half Empty"....
Here's one man's humble of Why!!
1) It's a Buyer's market
2) Lenders easing credit
3) Lower interest rates
4) Reduction in inventory
5) Consumer confidence
(the rest of article continued)
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Copyright © 2008 By James Wexler, All Rights Reserved. Good News ! - Home prices in Greater Phoenix drop record amount in last 12 months !!*
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