Nice Bottom
May 9th, 2008 categories: Market Trends
Has the Phoenix real estate market entered the bottom of the real estate cycle? There seems to be more chatter that in fact it has. This chatter extends to printed material as well as online and in the streets. Personal Real Estate Investor publisher “…is going on the record as calling the first quarter of 2008 the bottom of the U.S residential real estate market.” and Cyril Moulle-Berteaux has an article titled, The Housing Crisis if Over, coming to a similar conclusion, that indeed it may be over.
The numbers indicate a similar conclusion and April resale numbers look very good indeed.The bottom is good. It means stability if nothing else and stability breeds confidence. Home prices are more affordable and though we may be at the bottom for quite a while as we go through the inventory.
