Yesterday I attended the 2007 Economic Outlook put on by the Greater Phoenix Chamber of Commerce. It was very informative and worthwhile. Presenting information on the real estate market was R.L. Brown. I was very happy to find out that I am on the same page as him. The real estate market will be fine once all those “fishers” realize that they are not going to get any bites and either lower their prices to within the realm of reality or they get their homes off the market.
There are currently 47858 properties on the MLS with 20816 of those properties having been on the market for over 90 days. Don’t these sellers realize that their house is not selling because they are priced too high?
Craziness, just craziness.
Visit the Phoenix Business Journal or azcentral.com to find out more about the 2007 Economic Outlook.
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Hunter James Properties, 602-618-6728
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