Phoenix Real Estate: Sellers no longer in driver's seat
Supply in the Phoenix real estate market is not yet back to normal, but it is clearly getting much stronger. Demand, meantime, has cooled as investor interest wanes and ordinary homebuyers hang back. If this shift continues, the market could be in balance by year’s end, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice.
Supply in the Phoenix real estate market is not yet back to normal, but it is clearly getting much stronger. Demand, meantime, has cooled because investor interest has decreased and ordinary homebuyers have not taken up the slack. If this shift continues, the market could be in balance by year’s end, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice. Report -- August 2013 data
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September, 2013 -- The Phoenix-area housing market – hit especially hard during the recession – began a slow march back to normal in July, according to Mike Orr, author of the Greater Phoenix Housing Market Report and director of the W. P. Carey School’s Center for Real Estate Theory and Practice. Report -- July 2013 data
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