Friday, May 23, 2008

Phoenix Predictions

With all of the so-called experts making predictions about the Phoenix real estate market, I try to refrain from making definitive predictions myself about when the market will rebound, when the bottom of the market will hit, and so on.  There are just so many variables that contribute to how the Phoenix real estate market reacts that it's just impossible to predict what it will do with any certainty.  Instead I try to provide you with statistics from our market, and based on those statistics,  attempt to explain to you what is currently happening and try to make some assumptions as to what might happen next.

However, with the Phoenix weather, I though I was pretty safe when I wrote this post last week.  I didn't think it was too much of a stretch to say that we wouldn't be seeing another cool rainy day for a few months at least.  Apparently I was wrong.  It's 60 degrees and drizzling today, and it's May 23rd!!  That's right, you heard me correctly, it's Memorial Day weekend and we're experiencing January weather.  This is normally the first big get-out-of-town-and-go-up-north-to-get-out-of-the-heat weekend of the year.  If you're going up north this weekend, you better pack some warm clothes.  It's gonna be cold!!

Call me crazy, but I'm going to go out on another limb and say that these will be last cool rainy days for quite some time.  As much as I enjoy them, I just don't see this kind of weather happening again before October-ish, maybe even later than that.  Don't get me wrong, I'll take 'em whenever they come, but I'm not going to be holding my breath.

-Steve Nicks

[tags] phoenix real estate market, weather preditctions [/tags]