When will Phoenix see recovery and growth? What needs to happen to get this market back on track? Are there current opportunities for development in the region?
Be sure to visit www.realestateeconomics.com on April 20th. Mark Boud will be giving an overall update on the Phoenix, AZ economy and the residential housing market.
The Phoenix market has become so deeply over-corrected that purchasing a distressed home is extraordinarily affordable and the area is drawing households with limited incomes and value seekers from a broad audience. Employment growth is now evident, but it will take several months of steady job growth before prices fully stabilize in this region.
Please visit www.realestateeconomics.com April 20th through the 26th to view the presentation. After April 26th, the webinar will be available for viewing on our YouTube channel. www.youtube.com\realestateeconomics
For more information on all of Real Estate Economics products and services, please call 949.502.5151 or email at ContactUs@RealEstateEconomics.com
Selling properties is not as easy as what you think. There are lots of processes and strategies that need to be done to keep you on the league.
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As the Phoenix-area housing market's shift from boom to bust approaches its fifth anniversary, a number of real-estate analysts have replaced optimistic terms such as "recovery" with sobering talk of a new market reality.
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Personally, I find it hard to be optimistic about real estate recovery when the U.S. economy is in a dire strait. Housing will probably get a budget cut in the effort to fix the debt crisis.
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It's still difficult to tell when will the real estate industry get back to normal. Unless the government and the private sector manage to implement solutions to the financial crisis, uncertainty will still exist.
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The house prices are still falling... But the houses that have rock bottom prices are still without buyers. That is the problem. The same goes with new homes.
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