We have an excellent local research and analysis resource at the W.P. Carey School @ Arizona State University. This article on The Drop is Phoenix Real Estate is a realistic analysis based on comparing what is happening now with what happened during the last downturn. One interesting point is that the bottom can be predicted based on the "zeroing out" of the RATE of decline. We are now at that point. The lesson? Great Time to Buy during 2009.
- John Hancock
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