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."
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