Dismal U.S. real estate outlook Phoenix, elsewhere
by Sharon Hill
in Real Estate
10 Feb 2011
According to the latest Real Estate Market Report of listing service Zillow, home values are still on the way down in much of the U.S. Blaming foreclosure moratoriums for some of the negativity in Q410, Zillow reported that 27 percent of US mortgaged homes were underwater at the end of the year, up from 23.2 percent the prior quarter.
“While the [ home buyer] tax credits did not hurt the housing
Sharon Hill has been a senior writer / analyst with the AIM Group since 2004, except for a two-year time-out to serve as sales and marketing manager for Suburban Newspapers of America. She worked at newspapers in California, the Carolinas and Indiana as a classified advertising sales supervisor and manager, and in newspaper circulation in Alaska. At the SNA, she was responsible for bringing in new members; lining up exhibitors, and helping develop programs for the classified conference and the classified alliance. She is also co-author of “Implementing and Managing Telework: A Guide for those who make it Happen” (Praeger Press) and a prolific blogger and social media user. She is based in Phoenix.