Is Real Estate Looking Up?
Real estate experts Mike Orr, creator of the Cromford Report, and John Wake of the website Real Estate Notebook talk about improvements they’ve seen in Arizona’s housing market…and the state finally recovering from the popped bubble.
Some experts are suggesting that Arizonans may face another wave of foreclosures soon, but Orr and Wake think that Arizona’s unique market has allowed the state to recover from the economic crisis slightly faster. The market is by no means completely recovered, but Orr says with increased demand over the past year Arizona should soon see prices catch up. Wake says flat is the new up, and prices hitting a plateau could mean the state is finally rebounding.