Quote:
Originally Posted by Sylvanfan
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.
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That probably explains the low prices. The point is, it'll always be warm there in the winters, so, it still looks very attractive for someone like myself that is looking for a retirement property to spend the winters at.