Saturday, August 21, 2010

Arizona real estate: Phoenix home prices down = Indicators forecasting housing 'double dip'

[mEDITate-OR:

wonder why even the RE optimists are now pessimistic...

This is one of the better summaries of the Phoenix AZ market's current condition.
While the author has been criticized for being too upbeat, this article was given a lot of approval. It is worth reading.
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Home prices in metro Phoenix are falling again, and new data about upcoming sales suggest that they are likely to keep falling over the next few months, bringing concerns of a housing-market "double dip" closer to reality.
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Arizona real estate: Phoenix home prices down
Indicators forecasting housing 'double dip'
http://www.azcentral.com/news/articles/2010/08/15/20100815arizona-real-estate-phoenix-home-prices-lower.html
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