Phoenix real estate market starting to stage a comeback - When will the Phoenix real estate markets return to normal? Either 2013 or 2014, according to several residential and commercial real estate experts who presented their opinions at Real Estate Forward, a forum sponsored by the Arizona Regional Multiple Listing Service in conjunction with the Phoenix Business Journal. “This is not the time to go out and buy one home. It’s time to buy two or three homes,” said Scott Golba, who owns a property management firm and is an expert on residential rentals. Read article:
http://www.bizjournals.com/phoenix/blog/business/2011/07/phoenix-real-estate-starting-comeback.html
Gen Y to Lead 'Massive Increase in Housing Demand' - Watch out for Generation Y: This large, diverse, well-educated generation will drive the housing market recovery over the next 10 years, according to economists with the University of Southern California Lusk Center for Real Estate. Gen Y (15-32 year olds) boasts about 77.4 million members, which is about equal in size to the baby boomers (46-64 years old). Yet, Gen Y is much more diverse and educated (60% of Gen Y goes to college). Read article:
http://realtormag.realtor.org/daily-news/2011/07/20/gen-y-lead-massive-increase-in-housing-demand
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