Phoenix Real Estate Market Trends Overview

203838 Resource 164804 165387 165387 1210641978430 1221799081594 Controlled Has the Phoenix Real Estate Market Bottomed Yet?

Phoenix home prices may have hit bottom but not everywhere.

The Phoenix real estate market has bottomed out?  Its the experience of people in the field, not necessarily agents but, publishers, cooperating services and investors, who are good indicators of activity, often more so then the time delayed numbers.  Its the overall mood and feeling of the buyers, sellers and investors that is more telling and in many cases buyers and investors are more active, interested and taking action.Personal Real Estate Investor publisher "...is going on the record as calling the first quarter of 2008 the bottom of the U.S residential real estate market."  and CYRIL MOULLE-BERTEAUX has an article titled, The Housing Crisis if Over.   The numbers indicate a similar conclusion and April resale numbers look very good indeed.  I'll have those up next week.  A bottom is good.  It means stability if nothing else and stability breeds confidence.  Home prices are more affordable and buyers see that though, we may be at the bottom for quite a while as we go through the inventory.The real estate market is local but it's even segregated withing the metro area, so prices in one neighborhood can be going up while other parts are stagnating or still declining.It's all wrong.  We are far from a bottom as of writing this post For the latest market data follow the link below. 9 application/xml false Phoenix home prices bottom Phoenix real estate Phoenix real estate market Phoenix Real Estate Market Trends Overview | Housing Market Current and Historic graphs of the real estate market in Greater Phoenix item/180051 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.1) Gecko/2008070206 Firefox/3.0.1 127.0.0.1 127.0.0.1 aciesielski 98.165.111.208 false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web