Wikinvest Wire

Home prices plunge in the Hamptons

Friday, April 24, 2009

Feel free to let loose some crocodile tears for the occasion...

1 comments:

albrt said...

You'll be happy to know that I heard a presentation from two mortgage bankers today indicating that the housing market has stabilized in Phoenix, and real estate brokers are complaining that there are not enough properties to show prospective customers.

Of course, this only applies to a relatively narrow range of properties. Below conforming limits, in a civilized area (not Queen Creek or Maricopa), in decent shape, and not a short sale. And they said all bets are off if prices "gap down" again.

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