A friend has been asking about the state of the housing market in Phoenix.

We'd all heard that there were a large number for sale some months ago.

And that prices have dropped rather substantially. As many felt that that area was rather heavily inflated, earlier.

Thank you for what information that you may have.

ole joyful

What appear to be the best deals often aren't in my opinion. I would absolutely not buy in an incomplete or only partially sold development where amenities such as schools and shopping may not materialize for a very long time. You don't want to be surrounded by empty houses either.

I think the market has picked up a bit in Tucson. I follow it pretty closely because I have rental properties there.

Anyone have some further information to offer?

ole joyful

Home sales in Arizona grew by 50 percent with most of those sales coming in the Maricopa County area. Phoenix is in Maricopa County

"Phoenix's housing bust goes boom"

I have relatives who have moved and are trying to sell. Their house has been on the market since last summer. Hope the article is right about the boom.

A link that might be useful:

www.latimes.com/news/nationworld/nation/la-na-
phoenix18-2009may18,0,7979477.story

That said, there's certain areas you want to stay out of, like any local market. Always do a lot of research, preferably in person!

I appreciate your help.

ole joyful