Greater Phoenix Blog

More and more it’s looking like the local housing bubble just isn’t going to burst.

It may take sellers a little longer to close a deal on their homes, but odds are they’re not going to be losing any money. That’s according to Arizona State University’s latest edition of the Arizona Blue Chip Economic Forecast.

Although sales are down and inventories are up, home prices have not collapsed. The experts say it increasingly seems unlikely that home price declines, if any, will be very large in Arizona.  That makes NOW and excellent time to buy, as inventories are loaded with high quality offerings at superb prices!

This entry was posted on Thursday, March 8th, 2007 at 2:51 pm and is filed under Market Watch, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.