Local Housing Market slow but not on life support

The first article, Local market is slow but not on life support, from the Arizona Republic, reports that the figures that the local market news is based off of makes seems look worse than they really are. The article focuses on the importance of looking at what is currently on the market. According to Greg Swann, Broker for Bloodhound Realty, the nature of this market is that people are still seeking prices for their homes that would have been outrageous a year ago, as we neared the end of our housing boom. Whatever they might say, these people are not motivated to sell their homes right now. "The best-kept houses at the low end of the price spectrum will sell. The others will not. They won't even be shown."

Local market is slow but not on life support
http://www.azcentral.com/community/surprise/articles/1006gl-swann06Z1.html



The second article, FDIC: A Wealth of Housing Data, from MSNBC.com, reports that the FDIC just released its quarterly report, which breaks down housing and economic conditions in each state. Although written for banking experts, the FDIC report is for anyone interested in the housing market. You can view Arizona's FDIC profile at http://www.fdic.gov/bank/analytical/stateprofile/SanFrancisco/Az/AZ.xml.html This is a great tool to help you see the strengths and weaknesses of our Arizona Market.