Quote:
Originally Posted by Shin Pad
We are looking at a retirement property in Arizona. Prices are way down - ie - you can get a 2100 sq. ft. house with a pool just outside of Phoenix for around $100,000.00 US. Even at 80 cent dollars, that's still very cheap at $120,000.00 CAN. According to what I've read, the dollar should rise to around 85 cents US later this year. I don't think the prices of houses in Arizona are going to rise any time soon. So, we'll probably make our move later this year.
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The hearsay that I last knew had Phoenix and Las Vegas as having the highest inventories of unsold spec properties in the United States. Again that is hearsay, but no doubt prices are down big time in the Phoenix area right now, and it doesn't look to be rebounding anytime soon here.