[ErnBatavia]

Our good friends moved to Peoria, AZ a year ago, and stay in close touch with the sales manager of their development....the building in their phase continued at breakneck pace until about two months ago -- and he reports that sales came to a screeching halt, rather inexplicably.

I'm guessing that with the arrival of summer, and the departure of the Canadians has a lot to do with the buzzkill.

[x1stcav]

Of course, we’ll see but Phoenix has recent history of predicting housing crashes.

We can also blame it on global warming? Cooling? Harsh winter?

I think it is more fundamental.

[Salvation]

My daughter is a realtor down there and she had the same report. She flips a lot of houses — buys a broken down one and goes in and fixes it up with all the vendors she knows thus bringing up to code and modern looking and then sells it for a big profit.

I know because she did the same with my condo back in February. I have new windows, new floors and carpeting, new appliances, new basic furniture, new light fixtures and lamps, new painting and mopboards, new bathroom fixtures, new water heater, new furnace and new countertops in kitchen and bathrooms.