Supply continues to fall and inventory is low. Active listings now at 27,050 compared to 43,000 last year at this time.
Pricing is stable or slightly weaker over $200,000 with $400,000 to $800,000 looking strongest.
New notices of foreclosures are at lowest levels since 2007. Rumors abound that there is a new tidal wave of foreclosures coming, in Phoenix there is no evidence to support this whatsoever. REOs constitute only 23% of supply.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment