These articles reflect but also create the conventional wisdom about buying real estate.
Realize that this WSJ piece is on the U.S. housing market not the Arizona housing market.
My favorite bit – “In something of a surprise, the inventory of existing homes for sale has fallen close to the normal level of six months’ worth…”
In Phoenix, we have less than a 2 months’ supply of homes listed for sale. That level of inventory is like what we saw during the height of the boom in 2005.