Jump in cash buyers indicating we might be near the end of the declines in Phoenix (42% of last year's deals in The Valley). I don't know if I'm convinced just yet, since everything I've heard says that there's going to be another round of foreclosures this year. Also, since it's so hard for highly qualified buyers to compete with cash buyers, this is just another headache in acquiring a home. And weren't investors part of the problem before? Nevertheless, if the people with cash are diving in, it means at least that THEY don't think the market is due to dip much lower in Phoenix.
No comments:
Post a Comment