Scottsdale Arizona Housing Outlook
Posted by Judy Orr on
If you ask someone what their opinion is on Scottsdale real estate in 2006 with interest rates inching up, you'll get many different answers. Here are some of them:
Diane Swonk of Mesirow Financial in Chicago was interviewed. Diane feels the real estate market will be slower but not a collapse. I agree with Diane that although Arizona certainly felt the real estate boom of the past 5 years, we were not on the highest end of that frenzy. So our softer market won't be as drastic as other markets.
Lawrence Yun of the National Association of REALTORS® (NAR) was also interviewed. I will sum up his interview. Mr. Yun feels that rising interest rates are certainly not going to be good, yet at a prediction of 6.7 percent, they are still historically…
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