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THE ‘BORING’ HOUSING MARKET IN PHOENIX AND THE EXCITING SUPER BOWL — IT’S A GOOD THING by D.E.Rosen.
The Money Quotes
“Now the real drama will be found on the gridiron Sunday, when the Seattle Seahawks battle the New England Patriots, and not in its housing market. If anything, things are “balanced,” says John Wake, a real estate agent for HomeSmart in Phoenix who also runs the Arizona Real Estate Notebook site.”
“Then home prices rebounded in 2012 (median prices increased by 17 percent from the year before), and inventory shrunk from 60,000 homes listed for sale down to 17,000 homes.
Today, after years of manic activity, things are “boring.”
“Boring is good, very good,” says Wake. “The number of homes being sold is kind of low, but so is the number of homes hitting the market,” he adds.”
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