Coffee Talk: East Valley real estate needs less Mr Potter and more George Baily

East Valley is controlled by banks, but change may be coming

East Valley Team memberKristin LaVanway talks about the East Valley housing market coming back to normal.

In the East Valley, banks are calling all the shots right now – they control the majority of the inventory, and in fact, the actual supply of homes that hit the market is largely dependent on the big banks. They control the lending side, they control it all! Reminds me a lot of Mr. Potter in It’s a Wonderful Life and we all learned from that movie that for life to be wonderful, we need less Mr. Potter and more George Bailey.