Relevant:
- Existing U.S. Home Sales Fell in December as Supplies at Lowest Level Since 1999
- Imploded: Legacy Bank, Scottsdale, Arizona
- Home Prices Drop in 36 States; Beazer Warns on Orders; 8 Million Foreclosure-Bound Homes to Hit the Market; Prices to Stagnate for a Decade
- Shadow Inventory Drops below 2 Million Homes
- Imploded: Copper Star Bank, Scottsdale, Arizona
2008-06-24 — housingdoom.com
"With nearly a 3 year supply of million dollar homes for sale in Scottsdale, AZ, [1,572 actives, 46 solds in the past month] something’s gotta give. What is giving is asking prices."
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