Phoenix real estate: After a poor October, all eyes on holiday shoppers

The slumping Phoenix real estate market reached an ironic point in October where it was both "boring" and scary at the same time, according to Associate Professor of Real Estate Jay Butler, author of the W. P. Carey School's monthly resale home market report. By now, Butler said, market watchers had expected a change in direction for the distressed market. Instead October brought another set of poor numbers. In a recent conversation, Knowledge@W. P. Carey asked him to describe that market.

The slumping Phoenix real estate market reached an ironic point in October where it was both "boring" and scary at the same time, according to Associate Professor of Real Estate Jay Butler, author of the W. P. Carey School's monthly resale home market report.

By now, Butler said, market watchers had expected a change in direction for the distressed market. Instead October brought another set of poor numbers. In a recent conversation, Knowledge@W. P. Carey asked him to describe that market.