Find us on...


New Search X

June Bloom: 54% of California says the 'E' word

Posted by on Tuesday, June 11th, 2013 at 11:43am.

The 'E' word isn’t a bad word in Phoenix real estate anymore

I spent the better part of last week in Southern California, with a room full of optimistic realtors, anxious get to work in the suddenly resurgent real estate industry.  The market conditions in California aren’t too different than our own in Arizona:  Affordable listings in high demand, sellers in a premium position for resale opportunities, and a flood of buyers with a shortage of options.  The California Association of Realtors shed further light on the subject, identifying 54% of sales in the month of April as equity sales.  Zillow’s recent projections amplify the point, as (per their report) 1.4 million homeowners could regain positive equity by the first quarter of 2014.  Save to say, distressed markets like Phoenix will be heavily represented in these improving metrics.  We’ve already seen examples of this, with Valley housing prices continually on the rise.  In fact, Las Vegas and Atlanta, not Phoenix, led major cities with the highest percentage of negative equity.  Going beyond the statistics, however, is where you’ll find the most salient and pleasant representation of Phoenix’s improving market.  We’ve talked about some specific examples over the last couple weeks of Valley homeowners finally being able to say the 'E' word.  And we want more!  Can you say the 'E' word?  Tell us your story.  And if you don’t know, now is the time to find out by clicking here.

Make sure to listen for more about the improving real estate market on That Real Estate Show on Saturdays at 3pm on News/Talk 92.3 KTAR.

Rod Lakin
Realtor & Producer 
That Real Estate Show

1 Response to "June Bloom: 54% of California says the 'E' word"

The 'E' Word is catching on wrote: [...][...]

Posted on Thursday, June 20th, 2013 at 12:24pm.

Leave a Comment