Hmm, okay, we'll revisit this in a year. I am doubtful, given months inventory and other metrics in PHX. But maybe North PHX is going to be unusually resilient.
Quote:
Originally Posted by Joeaksa
No, a SWAG, scientific wild ass guess. I am not just guessing but keeping an eye on all the data I can get as well as the houses being sold in the area AND the local builders who are now building new houses in my area. Builders usually do not build new houses (especially after the past couple of years) unless they are seeing some positive movement in that area.
Between the comps of the houses sold around me, the info from my realtor friends and Zillow, you can get close, and its not a guess. As well one of my friends flies one of the largest builders in this area, so we hear more than the average bear might on this subject.
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