USAToday website on August 26, 2008
There you have it! USAToday shows the first “glimmer of hope” article I’ve seen in the mainstream media since the housing market began to tank.
There’s no need to repeat the article, you can read it here. In general, the report from USAToday aligns with the year-over-year price drops that we recently posted for Tempe, Chandler and Gilbert. USAToday reported a 27.9% drop in the Phoenix market over the past year.
The media plays an important role in creating the public’s mood for many things, including the real estate market. So it’s nice to see a non-doom-and-gloom story. As always, buyers and sellers should look at the actual and most recent data from a real estate professional and decide for themselves if now is a good time to buy or sell real estate.
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