Butler on Phoenix Housing: Improvement if the Economy Holds Up

Jay Butler of ASU Realty studies is not exactly sounding like a bear, but more bearish than usual:

Butler’s saying we’ll see an improvement in the Phoenix housing market next year "if the economy holds up."  I think that’s kind of like saying we’ll see an improvement in the Phoenix housing market next year if it snows.

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4 Comments for this entry

  1. sequoia512 says:

    So IF 240K is low that must mean the average wage in Phoenix is 80000 a year. IF so you guys should be ok. IF not your probably screwed.

  2. Yossarian says:

    Honestly, it is difficult to even make a joke about this.
    Jay just slays me, though. Funny guy.
    Now, tell me again how he got his job?

  3. sandman says:

    I think that’s kind of like saying we’ll see an improvement in the Phoenix housing market next year if it snows.

    You’ll say that, and then this will be one of those winters ;)

  4. RunnerInPeoria says:

    [Honestly, it is difficult to even make a joke about this.
    Jay just slays me, though. Funny guy.
    Now, tell me again how he got his job?]

    Never mind how he got his job, the larger question is how he keeps his job. If I were as wrong and as often as he is in my profession, my employer would kick me to the curb like this weeks trash.

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