Thanks for the good laugh.
And we're not fighting DOH. DOH is dead and a non- factor.
You gals are fighting Nic - and losing.
Rememer, it's Nic or LOA93. Those are yourr only choices.
Suckah.
Somebody is sucking big time............
Phoenix Housing And The Post Stimulus "Double Dip"
Published: October 1st, 2010Author: twistComments Closed
With the $8,000 home buyer stimulus gone, it should not come as a surprise that things are looking tough for the Phoenix market again. As Jay Butler of ASU Realty studies explains, most of the action is with foreclosures:
“Foreclosures accounted for 45 percent of the existing-home market activity in August,” says Associate Professor of Real Estate Jay Butler, who authored the report. “When you add in resales of previously foreclosed-on homes, all of this foreclosure-related activity represents a full two-thirds of the market’s transactions in August.”
About 4,000 foreclosures were recorded in Maricopa County in August. That’s slightly up from about 3,900 foreclosures in July, but way up from last August’s total of about 3,100.
Following the traditional pattern, home sales cooled off slightly from July’s 5080 in sales to 4800 in August. Sales are down 20% YOY however, and are approaching the lows set back in 2007 and 2008.