Monday, June 2, 2008

WSJ Says Housing Crisis OVER

The Wall Street Journal says the US housing crisis is over. They actually say we hit the bottom in April.

Of course, all real estate is local. Your neighborhood may be doing worse or better than the national average. Outlying areas like Queen Creek, Surprise and Buckeye are still experiencing severe downward pricing pressure as the foreclosure wave continues. Established neighborhoods close to central Phoenix and central Scottsdale aren't faring so badly.

You can check out local real estate statistics by ZIP code at Jay Thompson's Phoenix Real Estate Home.