September data for Phoenix home sales coming soon

I’m looking forward to it!

On the one hand, Phoenix home sales should be high in September because many people rushed out to buy a Phoenix area home before they “outlawed” letting sellers pay the buyers’ down payment. The question is, “How strong and where?”.

On the other hand, the October home sales will be more important because the down payment assistance programs were gone in October and the economic news was terrible in October. Any Phoenix area zip codes with strong home sales in October would show real home price strength and, I think, would be fast approaching a price bottom.

October 21, 2008 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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