Tempe housing market, have we hit bottom? Still don’t know, but had an interesting conversation yesterday

Video 32: I have said in a few videos over the last few weeks about the Tempe real estate market and national real estate market and how I thought anyone guessing what was going to happen over the next few years was doing just that, guessing. After talking to someone who works for a a major bank yesterday I am starting to question what I personally had believed would happen to the Tempe market over the next few years. With all the 5/1 arms coming due in the next few years it is estimated as many as 20 million homes a year are going to be foreclosed on. The housing market in Tempe may be on a slight increase now, but it could be stuck here for a while. I still don’t think we will see another free fall like some are predicting, but we also may not see the spike like some other were thinking. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.