The real estate bust is bad news for homeowners and lenders but it’s great news for home buyers.
The graph below of the Phoenix area monthly housing payment is taken from data from ASU Realty Studies.
The graph shows data through the fourth quarter of 2008. I expected the fourth quarter monthly housing payment to come in at less than $1,000 and it did at $980. The peak was $1,675 a month in the second quarter of 2006.
February 3, 2009 by Realtor John Wake
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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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