Wednesday, November 30, 2011

Have we hit rock bottom?

New stats indicate Arizona's housing market may have hit bottom - There are indications that the state's housing market may finally have hit bottom. A few of the state's metro areas moved into the positive range in the last quarter in terms of average home values. Marshall Vest, economist at the Eller College of Management at the University of Arizona points to the increase for the metro Phoenix area which includes both Maricopa and Pinal counties. While small - just 2.2% over the prior quarter - he said it bucks what has been a multi-year trend of declines. Read article:
http://www.eastvalleytribune.com/arizona/article_b2a648ae-1ac1-11e1-bdc3-001cc4c002e0.html

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