From revulsion to recovery for Phoenix housing market
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Nishu Sood, director of Wall Street’s Deutsche Bank Securities, used the term “revulsion” to describe the current phase of metro Phoenix’s housing market.
“Revulsion,” as in many people are averse to the very product that got the nation in trouble in the first place.
Sood was the lead speaker at the Scottsdale-based Land Advisors’ third-annual housing forecast for the Phoenix area, presented to a group of the region’s top real-estate executives.
He was quick to point out that revulsion was the last phase in the “bubble” cycle before recovery for the region’s housing market.
He said if Land Advisors would have asked him to …
