May 26 2009
Phoenix’s housing bust goes boom - Los Angeles Times
We got this from Ofir Levy, our Phoenix east-side broker and manager.
This is an article by Nicholas Riccardi from 5/18 published in the LA Times.
As we have been discussing, the low price-point in Phoenix is starting to stir up interest on the part of both homeowners and investors.
Some of the push has been provided by [...]
May 5 2009
Phoenix leads The Way Down
According to the New York Times (article by DAVID STREITFELD and JACK HEALY from 4/28/2009) Phoenix is the leader in housing price reduction since the peak.
Needless to say these are not bad news for real estate buyers. The article mentions how the low price levels are starting to reduce inventories.
As investors we hope for more [...]
