METRO PHOENIX HOME SALES JUMP BY 102%

Funny thing, I have not seen any articles in the newspaper or heard anything reported on the news about the rise in home sales. Last September the Arizona Regional Multiple listing Service, ARMLS, recorded 2,747 home sale closings. For September of 2008, ARMLS recorded 5,549 home sale closings. That is an increase of 102%. Some people refer to the news as liberal, I believe they are just "Doom and Gloom." The financial markets across the globe are going through a difficult time that was started by real estate. But the recover has begun. Some parts of the valley are down under the 6 month level of supply. The transition below 6 month supply of homes is where we transition from a buyers market to a sellers market. The worst is not here yet, but the recovery has begun.
Just my opinion, Jeff Cameron