The inventory is just exploding in the Phoenix metro area. According to ZipRealty and Bubble Tracking Blog the available homes for sales as of Feb 7th, 2006 was 33,550. On Jan 2nd it was 26,715. That is a 25% increase in inventory in just over a month. Phoenix is extremely bubblicious. The flood of inventory is just incredible. For more information see this post over at Housing Bubble Blog.
*WARNING This information is in dispute and it maybe much lower* If you know more info please shed light on this.
Wednesday, February 08, 2006
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