Phoenix MLS Inventory Of Homes For Sale Reaches New High
August 9th, 2007 by MG
Without looking at the ability for most people to get financing, or the fact that home prices are steadily declining, or the other factors that should influence a buyer’s decision to buy a house in Arizona, you could safely say that it’s a “Buyer’s Market” right now.
And if you DO plan to reside in the home you’ll buy tomorrow for the next 10 years, and you happen to be one of the few with a handful of cash and a FICO score above 750, that could be true!
HousingDoom just posted the MLS stats for today showing that over 55,000 homes are currently available. This does not include new home inventory from builders who have so far been offering everything from cars and trucks in order to move the 20,000 or so homes they also have in their inventory.
These numbers can be a bit unreliable though. As sellers get frustrated and take their homes off the market and potential sellers “wait it out”, the numbers get skewed a little.
Check Out Some Related Posts
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- What Does A State Do When It Loses Its Precious Tax Monies? Leverage A New Real Estate Tax! Why You Should Vote “Yes” On Proposition 100: The Protect Our Homes Act
- New Home Builders in Arizona Can’t Attract Buyers With Attractive Incentives Anymore – Time For The Auction Block!
- Is This The Right Time To Buy Or Should I Continue To Rent? What About The Benefits Of Owning Real Estate?
- Phoenix Arizona July 2007 Home Sales Are Down Nearly 30% From Last Year – Jay Butler Gives His Thumbs Up
- Mortgage Delinquencies And Defaults On The Rise As Home Prices Fall
- “Drive Until You Qualify” Foreclosures Nearly Tripled Since Last Year With The Number Of People In Danger Of Losing Homes Quadrupling
- If You Bunched All The Foreclosed Homes Fannie Mae Has Taken Over It Would Be A ‘Top 100′ Municipality Bigger Than Dayton, Ohio And Almost Bigger Than Richmond, Virginia
- Foreclosure Notices Up 240% in Gilbert And Ahwatukee
- Arizona’s Foreclosure Creep Is Slowly Moving Inward From Out-Lying Areas To Metropolitan Areas
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