IT’S OFFICIAL- AZ REPUBLIC SAYS ‘FEAR GRIPS VALLEY (PHOENIX) MARKET’

Despite what the soft landing crowd has been saying, a perusal of the Arizona Republic’s housing ads tells a different story.  Ads are peppered with “Motivated seller,” “Lease Purchase,” “Foreclosure!”  One ad in Gilbert reads as follows:

     NO QUALIFY- $0 DOWN! 3bed 3 bath, built in 2004.  Take over payments $1394

Read the rest of this entry »