Fidelity National Title was pleased to welcome, Mike Orr with the Cromford Report (http://www.cromfordreport.com/) to join in the monthly Sales Meeting on Monday February 14th to review 2011 Market Trends. Below are some highlights from his presentation:
· Sales Per Month down due to cancellations
· Demand is slowly outpacing supply
· Downward pricing pressure eased
· Investor demand is key to low end market
· Signs of slight recovery in some areas, mostly 250K-800K
· Prolonged blight in areas with highest population declines (Arizona hit population peak in 1Q 2009 and outmigration started in 2007, significantly effects South and West Valley)
Fidelity National Title is a proud Partner of Mike Orr’s and the Cromford Report. For monthly updated reports, the best data in Arizona go to http://www.fntarizona.com/pages/market-trend-reports-247650?loggedin=yes
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