June 22, 2006

Phoenix 50,000

18 comments:

Mark in San Diego said...

AND San Diego 22,250! a population adjusted record. . .

Now, why am I sitting around on a nice day here in SD at my computer?. . .waiting for the LANDLORD's repair man to come fix my microwave . . .at the Landlords expense!!!. . .another nice thing about renting - something broken - call the landlord.

Anonymous said...

we'll see records in almost every american city during this collapse

stay tuned

I think miami is going to be especially harsh when all those new condos come on line - right when the others already bought go back on market

also watch for lots of condo cancellation stories

good god i'd hate to be a developer today

Out at the peak said...

The inventory increase has accelerated and reached 50,000 three days before I expected. I have no idea when the inventory increases will stop nor reverse, but it will a long time.

Anonymous said...

when will it hit 75,000

I predict by dec 31 06

what's your prediction.

foxwoodlief said...

Well if people keep moving to Phoenix and the builders stop building until inventory is absorbed there may be hope for a soft landing in Phoenix. I think the builders will keep building as the majority of people who move there will want new and with all the incentives will buy from the builders as they will get more, new, their choice, for less than the greedy homeowners.

Still, I think the inventory will continue to rise and will peak around 70,000 as long as interest rates stay below 8% and unemployement below 7%.

ocrenter said...

hold on, we're not there yet. ziprealty's been playing with us. went from 49,999 down to 49,812. 50,000 will have to wait until tomorrow, folks!

Anonymous said...

God god is it hot here. I moved from San Bernardino and cant stand it. Got a job offer in N Carolina. I'm walking from this house and taking it.

Anonymous said...

Bakersfield is better than Phoenix.

Anonymous said...

I have heard that for every 3 people that move in to Phoenix 2 move out. It ain't for everybody. Hot and rains mud in the summer. Godd 'ol Monsoon. It ain't even hot yet. Wait until July. Heck , the humidity today was only 4 Percent. It's just a dry heat. But not for long. Monsoon just around the corner. Poor people that came and can't sell now. My neighbors are perfect example. Want out of here BAD! Hate the heat ! But they are stuck ! HA! HA! HA!

Denver_Investor said...

..AND Denver, over 32,000 in the metro area multi list for the first time today; going up by about 60 per day since January 1.

panicearly said...

Just for comparison
Tokyo-po. 16 million PLUS
6280 condos listed for sale.

see how out of whack these numbers are.

Mike in Pacific Beach said...

you know its bad when it too hot to even use your pool. August is going to be hot. Apparantly scientitits today said its hotter than 2000 years ago due to the green house gases. What is the melting point of stucco?

Anonymous said...

Well they are saying these days that 50 is the new 30.

Anonymous said...

In 6 months they picked up 25K but now thungs will go nuts. I say 75K by Sept 06.

Anonymous said...

"Bakersfield is better than Phoenix"

Wow amazing. If I were to list the ten places I would rather die than live in
those cities would be numbers 1 and 2.

Anonymous said...

Scottsdale is a land of silicone parts and leased Hummers.

What kind of person is attracted to such things. Trashy? Empty? Tasteless? How about all three.

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