Comments on: WSJ Says Housing Crisis OVER http://thephoenixagents.com/wsj-says-housing-crisis-over/ Chris Butterworth - sharing thoughts on real estate (and everything else.) Mon, 06 Feb 2012 05:42:25 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Artur | Phoenix Real Estate http://thephoenixagents.com/wsj-says-housing-crisis-over/comment-page-1/#comment-629 Artur | Phoenix Real Estate Wed, 04 Jun 2008 04:14:29 +0000 http://northphoenixagent.wordpress.com/?p=308#comment-629 I agree with Steve, the crisis is for from over. What market is WSJ talking about because there isn't real estate local, even to a point of individual neighborhoods. If you consider the basics of supply and demand then the market is far from stabilized, especially in the fringes, though some centrally located neighborhood are up. I agree with Steve, the crisis is for from over. What market is WSJ talking about because there isn’t real estate local, even to a point of individual neighborhoods. If you consider the basics of supply and demand then the market is far from stabilized, especially in the fringes, though some centrally located neighborhood are up.

]]> By: Steve Belt http://thephoenixagents.com/wsj-says-housing-crisis-over/comment-page-1/#comment-630 Steve Belt Tue, 03 Jun 2008 03:41:13 +0000 http://northphoenixagent.wordpress.com/?p=308#comment-630 Ok, so the crisis is over...but what was the crisis? Housing prices declining...was that the crisis? If so, unfortunately Maricopa County isn't out of the woods yet. Still calling declining housing prices a crisis is ridiculous. It's a market cycle (and an unpleasant one), but the housing market was never in crisis. For me to agree to that label, it would have to be the case that no deals were getting done. Such that nothing was selling, and people that wanted to buy homes simply could not buy them. Actually, that kinda sounds a little like 2006 when qualified buyers couldn't buy homes because there was no inventory and prices were skyrocketing... Ok, so the crisis is over…but what was the crisis? Housing prices declining…was that the crisis? If so, unfortunately Maricopa County isn’t out of the woods yet. Still calling declining housing prices a crisis is ridiculous. It’s a market cycle (and an unpleasant one), but the housing market was never in crisis.

For me to agree to that label, it would have to be the case that no deals were getting done. Such that nothing was selling, and people that wanted to buy homes simply could not buy them. Actually, that kinda sounds a little like 2006 when qualified buyers couldn’t buy homes because there was no inventory and prices were skyrocketing…

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