Housing forecast: Partly sunny, good chance of stability


Dav2015id M. Brown, Special for The Republic | azcentral.com

Guardedly cautious optimism: That’s a consensus forecast for 2015 West Valley real estate. Mostly sunny, with a chance of clouds. Stay tuned.

West Valley resales started briskly in the first quarter of 2014, flattened for the second and third quarters, and are upticking in the last quarter, mostly for the 55-plus communities, said Karen Ochs, an associate broker with Coldwell Banker Residential Brokerage in Sun City.

“Homes are on the market for 90 days or more and prices are flat,” she said.

The Dodd Frank bill has made obtaining financing more difficult than before, requiring, in brief, a homebuyer to have a creditable credit score, dependable proof of income and a solid down payment to purchase a home –– in contrast to the credit free-for-all that sparked the Great Recession half a decade ago, she said, adding that the market is still recovering.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.