Friday, September 14, 2007

A housing news update...

There is a great article in the Arizona Republic about Southeast Valley Housing....good reading for anyone interested in the real estate market. It appears the sky may not be falling after all. We are still going through some rough times, but there appears to be some light at the end of the tunnel for Maricopa, and therefore Pinal County. It is encouraging to see home prices in Maricopa become affordable again.

Another article on MSN discusses the possibility of a rate cut at the meeting next week. Its going to be very interesting to see its effect on the real estate market. I don't know that it will turn a lot of renters into buyers or not, but I think its greatest effect will be psychological.

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