Jinxin Real Estate: The housing prices in Phoenix are as hot as the weather here

Jinxin Real Estate: The housing prices in Phoenix are as hot as the weather here Javier is only 19 years old, and he is using his father’s cash to buy a three-bedroom, two-and-a-half-bathroom apartment...

Jinxin Real Estate: The housing prices in Phoenix are as hot as the weather here Javier, just 19, used his father's cash to buy a three-bedroom, two-and-a-half-bath house. Javier originally rented a room in Phoenix. He said, "I fell in love with this house already. I don't want to live in a small room anymore." The house was purchased in cash for less than 150,000. Cash took a lot of advantage, and his father and agent said it was done to avoid some bidders. The market in Phoenix is ​​relatively stable now, and houses in the west, especially those between $100,000 and 150,000, are the most sought-after. In the Southeast, houses in the $200,000 to $300,000 range are the most sought-after in Chandler and Gilbert. Because Chinese pay attention to school districts and Chinese living areas, most of them invest or live in the southeast. In the last two months, price increases in the Southeast have approached double digits. And Western Homes ARMLS statistics show that they lost 43% of their homes in May. In September 2010, the area's housing deficit was 74%. Many owners have long been insolvent. Another important number is the rate of short-sold homes. According to ARMLS statistics, there were 2,245 short-sold homes in Greater Phoenix and 1,423 bankrupt homes in May. The number of short-sold homes rose 5.5% from April, while bankrupt homes fell 1.9%. The number of short-sales and bankruptcies will directly affect the direction of future housing prices. If the number of these houses continues to decrease, housing prices may rise. For more information about real estate, please contact Tinna of Goldtrust Realty (480) 287-0180E-mail: Goldtrustrealty2010@gmail.com.