Arizona Short Sales Rise With Unemployment
You hear something new about the economy every single day. Everyone loves to talk about the Arizona real estate market. Someone told me yesterday that they think the market is going to pick back up and short sales will die out here in the next few months. I have some bad news for the short sale non-believers. This is not the case. Lets say the market stops decresing today and starts appreciating tomorrow. Even at a honest appreciation of 5-7% a year, we still have years before some individuals have equity in their home. With unemployment on the rise, the hardships will still be present for months. When you add all these things together, short sale won’t be gone for a while. I’m sorry to bust your chops anonymous friend, but thanks for the positive hopes.
- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator
I need someone with Arizona short sale experience!
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May 8th, 2009 at 12:46 pm
I agree, I think it will take sometime before this happens. A few months is very doubtful. The reality is that we might see signs of improvement but it will take a great deal of time before companies start re-hiring people back or even hiring at all. Unemployment many times is not enough to pay for mortgage payments.
May 22nd, 2009 at 11:18 am
Good post. I enjoyed reading it.
May 22nd, 2009 at 1:03 pm
What a great site and very informative posts. I will add a backlink and bookmark this site. Thanks
July 14th, 2009 at 8:54 pm
Great post, but where is your RSS Feed?