Recent Panel at the Phoenix Business Journal

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Recent Panel at the Phoenix Business Journal


July 29, 2019
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President & Publisher Ray Schey:

So if we were just to forecast the next 18 months to two years or so, what would each of you say?


Rich Brock:                       

I'm very bullish on this market for the next eight years. We're in a very great market. No one knows when the next recession will start. I feel though, the real estate, the housing market, is positioned very well, because the inventory levels have never caught up after the downturn. And as I mentioned earlier, there's virtually no new home inventory in Paradise Valley.So even in a down market, luxury will do well. Prices might flatten, but luxury will get through it. 


As a home builder that is looking to put inventory out there, I feel like this is an amazing time right now. And I believe that once, even if we go through a recession, we're going to blow out of that, and have six to seven strong years.