By Lora Neu | TriValley Central
While the great recession may or may not be over, everyone knows the real estate market bubble burst, and that had a domino effect on the economy.
After years of uncertainty, and waiting, there are indications that things have been improving in the real estate market. But apparently the market could still hold some uncertainty.
A January report on the Phoenix-area housing market by Michael J. Orr with the W.P. Carey School of Business at ASU points out that demand has decreased by 26 percent November 2012 to November 2013, although the headlines in the report tell of other good news.
The report details statistics for Maricopa and Pinal counties combined. Orr states that “demand has been weakening since July,” and that is in great part due to the decreased demand for homes from investors and those buying a second home.
