Mortgage And Real Estate News

Thursday, June 13, 2013

Reports Show No Phoenix Housing Bubble

The U.S. housing market's ever-increasing strength and momentum has many real estate experts worried that bubbles may start forming in areas that are performing particularly well, but one report from Arizona State University claims that, at least in the Phoenix's case, the worries are overblown. Analysts say home prices are unlikely to drop in the Phoenix area and instead will probably continue to rise for some time to come because demand is now outstripping supply. The area's population is now growing faster than available home inventory, largely because many people still can't afford to sell and construction has not caught up with the recovery. For more on this continue reading the following article from TheStreet.  

Reuters: Business News

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