Trends in downtown Phoenix.

Currently I've see the market 'come back in' in downtown Phoenix. This began in November and continues today. There has been enough pent-up demand for sometime but until late last year the buyers were too cautious to make a move. Now, post-election and multiple stimulus'sthe buyers 'feel' good about their prospects. I will tell you that feeling rides the tides of news which is still disturbing. During the boom, people were emotional and looked at real estate fromthe heard mentality. Not seem to learning from past examples, people are replicating that same behavior which is really too bad. Most people 'think' they know real estate since it's such a common commodity which it isn't and urban is the most complex. There are amazing opportunities out there and for some product, the time for 'steals' has passed while others still have some clouds on the horizon. There is no longer no light at the end of the tunnel. There is light and it's getting brighter.