Phoenix-area Housing Market Improving

Below is a link to a recent article in the Arizona Republic.  We agree that the housing market has changed.    There are about half as many homes for sale currently as there were a year ago.  I don’t agree with Brett Barry’s statement that he thinks there are still a lot of foreclosures to come.  I don’t think the banks have released any hard data on how many foreclosures they still have but I have heard several experts say that they think the number of foreclosures will continue to dwindle and that the banks are not holding on to a large shadow inventory.   

Phoenix-area housing may be on the mend.