PHOENIX HOUSING MARKET CHANGES & PREDICTIONS
The housing market is improving overall in Phoenix
, which is good news mostly. These are a few recent articles from a variety of national sources.
Phoenix's saw 26% fewer new listings in January 2013 vs. January 2012. Low inventory is due to several factors: low interest rates, lower foreclosure rates, and fewer housing starts. And supply problems may not end soon, according to Michael Orr, ASU.
Predictions for 2013 as per Dave Liniger, Co-Founder of RE/MAX, are below.
And as always, if you are interested in buying or selling homes or condos in the Phoenix Metro Area, please give me a call!