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As of today, our active listings total 47,606, the same as one month ago. We have reached a top of 48,879 on September 27, 2006, but I am watching for a trend, a slow down, a leveling out. There's a lot of inventory out there, and I personally think that we will be back on track in 2007. Builders are settling down, sellers are getting more realistic, and homes ARE selling, though not as quickly. To confirm my way of thinking,
MSNBC.com, reports that former Fed Chairman Alan Greenspan said the the
U.S. housing market appears to be emerging from its recent travails and the
"worst may well be over." " I suspect that we are coming to the end of the
downtrend, as applications for new mortgages, the most important series, have
flattened out," he said. "There is a good chance of coming out of this in good
shape, but average housing prices are likely to be down this year relative to
2005. I don't know, but I think the worst of this may well be over," he added.
Greenspan made his comments at the BMO Financial Group event in Calgary, Canada.
I've been in the mid-west for nine days, and now I'm starting to catch up. Beautiful country, though it did turn cold the last two days. It turned colder there in October than it ever does here. I'm greatful to be living in Arizona. Have a great day and CALL me if you need any real estate help. 
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