Short Sales May Be Driving the Local Real Estate Market

Michael Orr, from the Cromford Report, published his mid-month update and forecast.  I think the most interesting aspect of the report is that foreclosures are not mentioned once, and short sales may have driving the market now.

Mid Month Pricing Update and Forecast

Each month about this time we look back at the previous month and analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next 30 days.

http://athomeinscottsdale.com/2009/10/20/short-sales-drive-phoenix-real-estate/

 

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