PHOENIX HOUSING MARKET CHANGES & PREDICTIONS

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

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.

 
Mortgage qualifications will tighten in 2013.   These changes could limit buyers who don't have a 20% downpayment for purchasing homes.
 
 
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!
 
 

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Bryan Robertson
Los Altos, CA

I am so happy to see a report like this about your market. Phoenix was always identified as one of the worst markets during the downturn and often cited as a major foreclosure market. The fact that inventory is so low and foreclosures decline so much the prices are rising certainly means the worst is over.

Jan 31, 2013 03:51 AM #1
Rainmaker
978,622
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thanks Bryan!  Yes,  positive news is good news.  We have done a complete 360 since 2009, which is a big deal here in town. It's exciting to see positive headlines and good news, finally!  To your success in 2013!!

Feb 01, 2013 05:07 AM #2
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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