Normal...
As we settle back into Traditional sales, I hope that we will keep tucked in the back of our minds just how quickly it can all fall apart.
There are still pockets like Buckeye, and Maricopa that are still struggling to get out of the short sale/ foreclosure mess. But over all, Arizona is 3rd in comeback of the housing crash.
With that comes good news..... housing prices are going up, which is great--they are leveling off but now those who were underwater in their house, will be able to sell and move up and on. --- As long as they don't over price their homes because they have heard of the shortage and think they can cash in on supply and demand (it still has to appraise if financed). I have noticed that every week the inventory is up by at least 200 new listings, that REO's (bank owned) are down and also the short sales are down as well.
So what is normal? There have always been foreclosures, and there have been short sales ( one of my first listings was a short sale 12 years ago). Maricopa usually carries about 30-35K listings, and if the interest rates stay the same it should be a great time to sell, or buy.
Normal is forming to the standard or the common type; usual; not abnormal; regular; natural; serving to establish a standard.
In my life I can't think of anything ever being normal --- We are always changing, or striving to be better---- I hope! The housing market included
