I found an interesting article from on-line newsletter NuWire Investor looking at the question of whether the Phoenix real-estate market has hit bottom and may be ready for a rebound from the housing crisis.
The article starts off in part:
“Those who are waiting for the bottom of the market may be surprised to discover that it has already occurred in a few areas,” Chuck Willman, a real estate agent for Gentry Realty and founder of AZVest.com, said in an e-mail interview. “Whereas the market decline can be prolonged, the rebound can be quite quick.”
The article goes on to look at the issue at some length and it is a very good read. Take a look by clicking here to visit the article “Real-estate in Phoenix: ready for rebound?“.
I’d be interested in anyone has any comments on what they’re seeing out there in the market.
Duane Slade, Mesa Arizona
Great post !
Generally it is very intresting kind of investment, but I think that real estate is loosing it’s price too much.
I own a site with database of prices for Moscow real estate and from the begining of this year it wasn’t grew….
Anyway american real estate is more stabil in this case.