Downside risks to U.S. real estate market

This guy does a good, quick and dirty explanation of the downside risks to the U.S. residential real estate market.

We survived the first wave of foreclosures, but

There is another wave of foreclosures coming, as well as

Higher interest rates.

For metro Phoenix, I feel pretty confident that SOME zip codes have already bottomed out because the number of homes sold has been extremely high in recent months. Those sub-markets with their extremely low prices and high sales would likely be able to absorb the second wave of foreclosures without lowering prices any further.

October 13, 2009 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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