OUR MARKET IS IMPROVING-THE NUMBERS DON'T LIE!!
According to several residential and commercial real estate experts the Phoenix real estate markets are expected to return to normal in 2013 or 2014 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.
The event drew a crowd of more than 170 participants and was held Wednesday, July 20, at the Camelback Inn.
ARMLS CEO Bob Bemis said he wanted to combine the expertise of both the commercial and residential communities so that everyone could get a better picture of what truly is going on across the real estate spectrum.
Michael Orr, creator of the Cromford Report, placed a few bets on the next three or four months, which look modestly positive for home sales except when it comes to prices, which are, “definitely not going up, but they’re not going down either,” Orr said. Prices are not going to turn around quickly, but they could next year.
Tuesday, July 26, 2011
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