Buy or Sell Homes in South East Valley of Arizona

Some folks are saying "the lights went out this month".  Now I am and always will be an optimist.  Giving the choice- the cup will always be ½ full.  But I see our market flatting out, ebbing in a way that makes sense.    If we keep seeing the 15-20% equity build as we have in the past 2 years- then I think I would be worried.  As I think you would see the chart explain well- Click on the link to see all of them https://www.dropbox.com/s/b1b8g6jnkh1gs5m/Sept%20stats%202013.pdf    Summary Statistics Sep-13 Sep-12 % Chg 2013 YTD 2012 YTD % Chg Absorption Rate 3 2.69 11.52 2.82 2.54 11.02 Average List Price $377,728 $332,695 13.54 $291,739 $247,968 17.65 Median List Price $219,999 $179,900 22.29 $190,000 $153,900 23.46 Average Sale Price $236,389 $199,251 18....

The National Association of Homebuilders/Wells Fargo Housing Market Index dropped two points to 55 from September’s revised reading of 57. Builder concerns over labor costs and availability and economic uncertainty related to the federal government shutdown were noted as factors contributing to the lower reading for October.  Key Points Noted In October ‘ s HMI included : Builder confidence remains above 50, which indicates that more builders have a positive outlook on housing market conditions than those with negative sentiment. The October HMI cites pent-up buyer demand in markets throughout the US as a positive influence on October’s reading. A spike in mortgage rates lowered builder confidence, but the Federal Reserve’s decision not to change its quantitative easing program eased fears about rapidly rising mortgage rates. The federal government shutdown, along with builder and consumer concerns about the national ...