Is the Phoenix real estate crash happening? After all, foreclosures are up a whopping 250%. That seems like a lot. Maybe it’s time to start panicking.
But before you get too worried, let’s take a closer look at those numbers. It’s true that foreclosures are up, but they’re coming off of a shallow base. In other words, there aren’t that many homes in foreclosure, to begin with.
SO, is the Phoenix real estate crash really happening?
Check out this video to find out!