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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Live2Sail who wrote (97898)12/20/2007 9:33:37 AM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
Tempe in general is OK, it's major problem is that it has participated in the Arizona real estate bubble more or less to the same extent as has the Phoenix metro area. (It's a close-in suburb just east-southeast of Phoenix). So valuations are still falling, and it probably has another year until it hits bottom. Then I expect a fairly sluggish recovery.

Jobs and other economic markers aren't bad there, its valuations.

The main attraction in Tempe is the ASU campus, IMO. There's a pretty decent downtown there, lots of bars/restaurants catering to the college crowd. Probably the biggest collection of nightclubs in the Valley rivaled only by downtown Scottsdale (which tends to have the more upscale, ritzier places).
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