USA article last week indicated Arizona will be out of the woods regarding short sales and reo properties with one year.
We normally have 45,000 for sale in Maricopa County...today 19,000. We close over 9,000 homes a month. Inventory is less than 4 months.
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Does that mean there is no more interest adjustments to set next year?
The way it sound is that no body will be upside down on their home value after next year.
If that is so than the other states will follow just because the work load will be less for the banks
Denice,
Can you post a link to that article, I can't find it and I wiould like to read it! Thank you!