HousingPredictor.com - will Phoenix home prices rise or fall ?

July 3, 2008

predicting real estate bottompredicting real estate bottomYesterday, U.S. Treasury Secretary Henry Paulson said that he expects home prices to decline as a result of several key factors including high oil prices , foreclosure levels and turmoil in the credit and lending markets.predicting real estate bottom

As Secretary Paulson points out, “the U.S. economy is going through a rough period’.

If you are a real estate professional in Phoenix or any of its surrounding towns, you do not have to be an economist to know times are tough in Real estate.

However, amidst all the negative headlines of record foreclosure rates, sharp price declines and turbulent credit and sub-prime lending markets I wonder how close we are to a bottom in pricing.

In fact, the big question on everyone’s mind is “when will the bottom occur?”

Unfortunately, my crystal ball is not working, so I look elsewhere for answers…

One place I look is a web site called  Housing Predictor which provides independent real estate market forecasts for more than 250 cities in all 50 U.S. States and housing news.

The site updates reports regularly and claims to use more than 20 factors in each forecast, including economics, regional political influences, business development, employment levels and other socioeconomic issues.”

Other sections rank:

Top 25 Real Estate Markets and the

Top 25 Worst Real Estate Markets

Now, this is just an unbiased opinion of the state of all things real estate.

However, instead of listening to the headlines laced with attention grabbing concepts and negative themes that are, at best, attempts to sell newspapers, …

go to …

HousingPredictor.com and read about your  local markets which have their own factors such as job growth, taxes, business development, inventory, etc.. attributing to a decline or rebound in housing.

You can always call these real estate professional for expert market analysis in your area:

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Copyright © 2008 By James Wexler, All Rights Reserved. *HousingPredictor.com - Phoenix Prices - rise or fall ?*

Contact James Wexler (480) 221-8080 for all your Phoenix | Scottsdale area Real Estate needs.

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Written by James Wexler · Filed Under Articles, Buyers, Sellers 

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