Who's Responsible for Phoenix's Real Estate Miraculous Recovery ?

The latest article from Money Magazine explains who is responsible for the miraculous rebound in the Phoenix Housing Market. In Phoenix, we went from a glut of homes on the market to a seller's market in less than a year. Phoenicians did not rely on the government or Wall Street conglomerates to bail them out. We relied on "Mom and Pop" investors.

I would also like to add that savvy real estate agents and loan officers in the Phoenix area also helped us quickly move through a flooded market. By reaching out to investors in other states and in other countries, real estate agents showed buyers our tremendous potential and attracted them to invest in AZ.

We must also acknowledge that there are agents in the Phoenix area that lead the nation as Short Sale "pioneers". As short sale advisors to the major lenders, these agents helped the major banks revamp and refine the short sale process so that it became more efficient. They helped pave the way for the more efficient short sales process that is now available to the rest of the nation.

So kudos to the Phoenix area for pulling together and getting us out of crisis mode quickly. Between the realtors, investors and loan officers, we definitely have some of the best and brightest in the nation!