Comments on: Have real estate prices hit bottom ? http://ruidoso-blog.com/ruidoso-market-trends/have-real-estate-prices-hit-bottom/ News about Ruidoso Real Estate, Community, and Lifestyle Tue, 09 Mar 2010 01:44:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ahwatukee Real Estate http://ruidoso-blog.com/ruidoso-market-trends/have-real-estate-prices-hit-bottom/comment-page-1/#comment-188 Ahwatukee Real Estate Fri, 01 May 2009 15:03:27 +0000 http://ruidoso-blog.com/?p=893#comment-188 Great points here with regard to real estate being local. When there is talk about the foreclosures and many challenges in the market, it is easy for people to believe that it is happening everywhere when in fact that there is a concentration in CA, AZ, NV, and FL. I work the Phoenix real estate market so we do see much of what you mention in regards to 'distressed' transactions though we are seeing rapid changes now as buyer activity is at a record level and inventory has dropped over 11,000 properties since 1/1/09. As such, it is good to see that your local market didn't get hit with the challenges that ours did. So, again, great post here to make buyers aware of how to think about buying in the markets we have tied in with the need to understand what your local market is really doing. David Lorti, LortiHomesBlog.com Great points here with regard to real estate being local. When there is talk about the foreclosures and many challenges in the market, it is easy for people to believe that it is happening everywhere when in fact that there is a concentration in CA, AZ, NV, and FL.

I work the Phoenix real estate market so we do see much of what you mention in regards to ‘distressed’ transactions though we are seeing rapid changes now as buyer activity is at a record level and inventory has dropped over 11,000 properties since 1/1/09. As such, it is good to see that your local market didn’t get hit with the challenges that ours did.

So, again, great post here to make buyers aware of how to think about buying in the markets we have tied in with the need to understand what your local market is really doing.

David Lorti, LortiHomesBlog.com

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