Condo conversion is rapidly running its very short course. |
Everybody makes a series of choices, and it goes down to the age old 'buyer beware' at some point. |
I think we'll see permits down in February, but I thought we'd see them down in January. |
If builders were thinking of empty sales offices, they clearly would not be raising prices by an average of $4,300. It's a demonstration that builders are not seeing anything out there that scares them. |
Just by surnames alone, I can tell you home ownership by Hispanics has soared and is a significant part of the current activity. |
Looking at the preliminary numbers, obviously February was a disappointment compared to last year and year-to-date. |
The bottom line is it is a market in transition now. |
The builders would consider it a windfall. |
The metro Phoenix housing market is returning to normal after an extraordinary year that allowed housing prices to rise much more rapidly than at any time in history. |
The story isn't uniform across the Valley. |
There's no question that Tempe and Chandler are on their last legs from the point of view of available land. What the future holds is primarily infill and high-density housing. |
There's no such thing as enough due diligence that prospective consumers can do. |
This is primarily a population-driven housing market, and as long as people want to move here this will continue to be a booming housing market. |
This is proof that the market has turned from a sellers' market to a buyers' market. |
To forecast the end of this housing market (boom) you need to forecast when people will stop moving here. |