Feb 2 2011

Phoenix real estate market being held up by all cash buyers – 47 percent of Phoenix sales were from all cash buyers in December. The $1 priced Detroit home.

The Phoenix real estate market has collapsed after reaching a price apex in 2006.  It is hard to imagine another market with similar real estate fundamentals but Las Vegas is a mirror image of foreclosure ridden Phoenix.  These desert cities rose up during the housing bubble with plentiful and cheap land to expand on.  Builders […]

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