Phoenix housing market hit by unprecedented plunge in demand

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Phoenix housing market hit by unprecedented plunge in demand The metro Phoenix housing market has been in recovery mode for two years, and it’s been a roller coaster every step of the way. local real estate experts are confident the rebound will continue in 2014, but at a much slower, and even more "normal," pace than we’ve been.

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Phoenix housing market hit by unprecedented plunge in demand cash buyers – housingwire.com – Phoenix housing market hit by unprecedented plunge in demand. Goodbye cash buyers. July 14, 2014. Jacob Gaffney. ZeroHedge is taking aim at plunging home values in Phoenix. Is the blog kicking the.

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If you follow as many housing-related. means a stronger market for homes and that the value of homes will continue rising. A lot of potential families put off buying a home during the recession,

And the housing market was sizzling. while the S&P 500 has fallen 15% from the record level it hit less than two weeks earlier. The technology-focused Nasdaq composite is teetering near bear-market.

"The Phoenix housing market has a special place in the heart of housing bubble watchers: together with Las Vegas and various California MSAs, this is the place where the last housing bubble was.

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Well, it’s only taken half a decade, but the moribund real estate market is finally starting. Fortunately for such buyers, there’s also an unprecedented degree of demand for rental housing:.

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