Thursday, September 21, 2006

Maricopa County called real estate 'bust'

Keep in mind that this company makes money from creating fear in home owners and then offering 'help.' ERA also offers a guaranteed sale, guaranteed price option. Ours is probably more generous than theirs because it is not a revenue stream for ERA. I thought I should post this article since its hitting all the news feeds.

The Business Journal of Phoenix - 11:10 AM MST Tuesday

A company specializing in fast-turn home sales Tuesday labeled Maricopa and 11 other U.S. counties real estate "busts."

House Buyer Network said real estate prices in the markets have been driven to unsustainable levels by years of speculation and increased reliance on low down-payment, short-term ARMs. That has created a glut of motivated home sellers needing to sell quickly.

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