Mortgage And Real Estate News

Sunday, October 27, 2013

Metro Phoenix housing: Homebuyer revival transforms market


In a good sign of the times, real-estate agents are predicting a proliferation of for-sale signs on front lawns.

The metro Phoenix housing market is shifting away from investors for the first time since the market crash, leaving more properties available for traditional buyers. And the market appears neither overstressed nor overheated, heading instead toward a more natural balance.

Thousands of prospective sellers, once worried about losing money on their houses, have listed their properties after seeing prices skyrocket over the past two years.

Read more...Metro Phoenix housing: Homebuyer revival transforms market

Reuters: Business News

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