Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

Wednesday: • At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index . • At 2:00 PM, the Federal Reserve Beige Book , an informal review by the Federal Reserve Banks of current economic conditions in their Districts. • At 2:00 PM, The Monthly Treasury Budget Statement for December. On Phoenix: This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. For the thirteen consecutive month, inventory was down year-over-year in Phoenix. This is a significant change from......(read more)

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