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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (40629)	9/1/2005 3:57:32 PM
From: Crusader	Respond to of 110194

Home buyers feel crunch as appraisals lag prices Catherine Reagor The Arizona Republic Aug. 31, 2005 12:00 AM Metropolitan Phoenix's runaway home prices are speeding ahead of appraisals, forcing some buyers to bridge the gap with cash or to walk away from the deal. "Sellers are getting greedy, and buyers are getting desperate," said Jay Butler, director of the Arizona Real Estate Center at Arizona State University's Polytechnic campus. "If too many Valley homes aren't appraising for their sales prices, it's a sign the housing market is out of whack." azcentral.com