Monday, March 19, 2007
Phoenix Real Estate Blog - No Baseball
On a serious note - Phoenix's real estate inventory - as was told to me by an industry insider today - has ballooned due to huge numbers of spec homes for sale by builders. Over 50% of the market. Woe is the home owner who needs to sell his 2 year old home. I know population is increasing - though not that fast. Time to get a deal and wait for inventories to dry up over the next few years. People make money doing what the crowd doesn't do. Beware the REO market too - that is the second shoe to drop in that market and a few others too.