Phoenix real estate sales up 6% in May; inventory up

By Bill McBride | CalculatedRISK

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.

Inventory was up 5.5% year-over-year in May. This is the third consecutive months with a YoY increase in inventory, following fifteen consecutive months of YoY declines in Phoenix. This could be a significant change.

Screen Shot 2016-06-21 at 5.09.40 AM

Continued:

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.

Beazer rejects buyout proposals

By Leah Draffen | Builder Beazer Homes has rejected Dream Finders Homes’ all-cash offer. The Alanta-headquartered builder confirmed that its board of directors, with the assistance

Read More »

Former State Farm regional HQ to be redeveloped

By BisNow California-based Panattoni Development Co. bought the former State Farm regional headquarters campus in Tempe for $37.5M, AZ Big Media reported.  The developer gained unanimous approval from the Tempe City Council to redevelop

Read More »