Real estate: Stability, stability, stability

stabilityBy Sue Doerfler  | The Republic | azcentral.com

Stable. Balanced. Those are words we haven’t heard in a while when it comes to describing the real estate market.

But they’re among the top trends to expect to see locally and nationally for 2014, analysts and real estate professionals say.

They refer to a market with adequate numbers of homes for sale to meet demand, and afford­able prices and interest rates. They mean fewer distress sales than in recent years.

“I think (the market) will be more relaxed and less frenetic,” said Mike Orr, director of the Real Estate Center at the W.P. Carey School of Business at Arizona State University. “For buyers, it’s good news. They don’t have to hurry to get a bid in.”

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