Over the last 5-6 years the Real Estate market has been a real rollercoaster ride.
It saddens me that there are some out there that blame it on the REALTOR® --- Not that some may have had a hand in it, but the most of us just got caught in the act of trying to help our clients get a house. It was pretty much the mirror test, (if you held a mirror up and fogged it, you got a loan. But thank God those days are gone. I just hope we have all learned something so we don't repeat again.
Which is what is troubling me now in the light of the multiple offers on a property. Understandable in that there aren't as many out there as need be to have a healthy inventory, but is it going to again inflate home values??
In a lot of ways, it is getting to be "normal" -- foreclosures are way down, and short sales do not out number the traditional sales, but we are still a work in progress with this.
Below I've attached a link that might give a little more insight
http://arizona.newszap.com/northvalley/123927-114/report-phoenix-housing-market-approaching-normalcy
Have a Great Week!
Joanne
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