Local, national housing experts disagree on Phoenix market

Jennifer A. JohnsonReporter- Phoenix Business JournalEmail There have been mixed predictions on whether the metropolitan Phoenix real estate market is poised for a recovery or an even deeper market slump. While some local real estate experts believe the Phoenix market already is in the midst of a recovery, many national experts don’t agree. Mark Kiesel, a managing director at Pacific Investment Management Co., a firm that manages the world’s biggest bond fund, said on Bloomberg Television May 22, he’s bullish on the U.S. housing market in general. “Yes, there are some weak areas, but the fact is that in certain areas, housing is picking up and prices are going up and so again, it’s very regional,” he said. But Kiesel is not as optimistic about Arizona.

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