Feeling too chipper this morning? Try, “5 Reasons the Housing Recovery Will Be Slow“.
The piece is one man’s interpretation of a new report “The State of the Nation’s Housing 2010” from The Joint Center for Housing Studies of Harvard University.
Real Estate Geeks, check out the report.
Now, the report is national and Arizona may have already passed through some of the phases the national housing market is in the middle of.
Money Chasing Goods
Prices are determined by how much money is chasing how many goods. In the case of U.S and Arizona housing, the amount of money chasing housing has crashed as lenders tightened their previously suicidal lending standards.
Good News for Landlords
Despite all the bad news in the report, landlords get a light at the end of the tunnel.