Monday, August 07, 2006

Defaults on the Rise (like the ancient Phoenix!)

As you may know from my profile, I lived in Phoenix for 8 1/2 years. It, like Tampa, has experienced an unrealistic surge in home prices over the past 4 years. Now, the party, if not exactly over, has definitely taken a turn for the worse.

Check this link (via thehousingbubbleblog.com) and the talk around the valley of the sun about mortgage defaults:

Arizona Housing Defaults

4 comments:

Reed, Mesa said...

Love that blog, love the talk. Saving that link - thanks!

Sharon in Mesa said...

Thanks for the link. Thinking about buying but not that excited about the process (nor the ability to sell).

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