Phoenix real estate market being held up by all cash buyers – 47 ...

The Phoenix real estate market has collapsed after reaching a price apex in 2006. It is hard to imagine another market with similar real estate fundamentals but Las Vegas is a mirror image of foreclosure ridden Phoenix. ... Builders were able to build at a feverish pitch with the sound of jack hammers cranking and skeletal frames of model homes for as far as the eye could see since demand for easy loans and second homes were pushing many of these markets upward. ...

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