The Experts' Predictions...

The experts' predictions, looks at several real estate experts take on the housing market, including Vivki Johnson, V.P. at Desert Heritage Mortgage; Chris Mozilo, President of the Arizona Mortgage Lenders Association; Tim Sullivan, President of the Sullivan Group Real Estate Advisors; Drew Brown, President of DMB Associates; Marshall Vest, Director of the Economic and Business Research Center at U of A, Margaret Dixon, President and CEO of Prudential Arizona Properties; and Mark Upton, V.P. with Engle Homes. Most believe that our housing market has hit bottom or will shortly, and that this years housing market will be tough but show some improvement. Most expect a gradual improvement over time. All agree that the local economy is strong and that compared with the national market, we are in good shape due to continued job creation and population gains. It appears the resounding theme from the experts is to have patience. You need to read this article in its entirety.

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