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Real Estate is a conversation. One specific question is....how do you see the Phoenix market rebound future for Buyers and Sellers? Comment to "SHARE" "LIKE"
From Michel Orr's observations - "But for the past year or so, Valley home prices have been rebounding much faster than anyone had previously predicted. Orr’s latest report, released Monday 6/10/13 indicated a 30 percent year-over-year spike in the Valleywide median home price in April."
Rumors have been percolating lately that the rapid rebound of the metro Phoenix housing market may soon lead to another bust. Arizona State University’s Michael Orr, on the other hand, thinks that notion is ludicrous — so much so that he carved out a new section of his latest monthly housing report to debunking it.
But Orr believes the impact that investors have had, and could have, on the market is largely overstated.
“Such talk gets a lot of attention because we are over-sensitized to bubble talk after the disruptive events of 2004 to 2006,” Orr said in the report. “However, this idea falls flat when we examine the actual number of homes involved.”
READ more from Orr's report http://www.bizjournals.com/phoenix/blog/business/2013/06/why-phoenix-isnt-headed-for-another.html
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