Housing Market Ready to Rebound?

Real Estate Agent with Landmark Holdings and Property Management, LLC

Here is an interesting article that I came across today:

Daily Real Estate News  |   February 25, 2008 Housing Market Ready to Rebound?
Is housing about to enjoy a spring thaw or will it remain in the deep freeze? Some observers are optimistic.

"I think this is the best buyer's market that has existed in a decade, maybe longer," says Russell Shaw, in his 30th year with John Hall & Associates real estate in Phoenix. "There is tons of inventory, great interest rates, and the prices are back in line. If people have a good track record of paying their bills, the loans are there."

Likewise, Floyd Scott, president of Century 21 Arizona Foothills, which has 10 offices and 460 associates in Phoenix, says: "If I would have described this whole process as a hurricane coming through Phoenix, I would tell everybody that for the last month I've been taking the shutters off the windows because I think the eye of the storm and most of it is behind us. Now we're in the process of picking up the debris."


Comments (1)

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Dec 23, 2017 05:50 PM