Comments on: 5 cities where housing — and economy — still dropping http://www.businessbrief.com/5-cities-where-housing-and-economy-still-dropping/ Just another WordPress weblog Mon, 23 Jan 2012 17:15:13 +0000 hourly 1 http://wordpress.org/?v=abc By: Greg Vogel http://www.businessbrief.com/5-cities-where-housing-and-economy-still-dropping/comment-page-1/#comment-174 Greg Vogel Tue, 14 Jul 2009 16:31:17 +0000 http://www.businessbrief.com/?p=1603#comment-174 Phoenix Metro in fact has seen home prices rise over 5% in the past 60 days. The number of active listings has dropped to 37,000 from a peak of 56,000. There is currently a 4.1 month supply of homes - considered an equilibrium supply. The level of sales - 8,500-9,000 per month is near all time peak levels. The supply of REO homes is less than 1month. While job losses are continuing and overall State budget woes exist, the re-sale housing market has turned the corner and is coming off the bottom (It is not still dropping). See www.cromfordreport.com. Opportunistic investors have also voted in favor of this region - over one hundred private equity and hedgefund investors surveyed - rank Phoenix metro in the top 5 areas that will rebound. Phoenix Metro in fact has seen home prices rise over 5% in the past 60 days. The number of active listings has dropped to 37,000 from a peak of 56,000. There is currently a 4.1 month supply of homes – considered an equilibrium supply. The level of sales – 8,500-9,000 per month is near all time peak levels. The supply of REO homes is less than 1month.

While job losses are continuing and overall State budget woes exist, the re-sale housing market has turned the corner and is coming off the bottom (It is not still dropping). See http://www.cromfordreport.com.

Opportunistic investors have also voted in favor of this region – over one hundred private equity and hedgefund investors surveyed – rank Phoenix metro in the top 5 areas that will rebound.

]]> By: 5 Cities Where Housing — and Economy — Still Dropping http://www.businessbrief.com/5-cities-where-housing-and-economy-still-dropping/comment-page-1/#comment-170 5 Cities Where Housing — and Economy — Still Dropping Tue, 14 Jul 2009 02:36:19 +0000 http://www.businessbrief.com/?p=1603#comment-170 [...] by Jim Giuliano [...] [...] by Jim Giuliano [...]

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