I heard this might just be a little peak before the market nose dives further
Maybe in Atlant,..but not in Phoenix. Our local news this week noted that Phoenix/Maricopa County was #1 last month in the biggest price drops! 9.1% price drop, beating out infamous Detroit!
The houses in this market are so low in some places for newer home (built in the last 5-6 years) that buying a new car could cost you more!
I was told by a manager of a local credit union in Maricopa (city of) that people from Detroit are selling everything they own, and moving there and paying cash for a house. One guy got a house for $45,000, paid cash, and moved there without even having a job. The thing is he doesn't have a mortgage, so even though his credit sucked... he paid cash, so he didn't need credit.
These are very crazy times, and Phoenix is the kind of thing that I will be talking to my new grand son about in the years to come.
I agree with this...I actually think the "bottom-bottom" occurred in September/October, 2010.
Brandon Watters the news report attached address that you should watch it
Liz Murray (Renaissance Home Staging & Redesign) You should see what the attached news report forcasts for your area
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