Consumer confidence highest since 9/11

This is good news for the Arizona real estate market.

It’s been two years since the real estate market peaked in Arizona. The market has done a lot of digesting of the large price increases but it’s still not out of the woods. The market would be vulnerable to large price decreases if a recession were to hit.

The stellar consumer confidence numbers, however, suggest that the next recession is a long way off and the Arizona real estate market will have more time to digest – the soft landing.

August 1, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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