Home Prices Starting to Crack | Phoenix Real Estate Market Update
Home prices are starting to crack and we're seeing this in some other major metros in addition to Phoenix, Arizona. This is increasing affordability for buyers while mortgage rates have moved downward slightly as well. What will the future hold for home prices as we get into a slower summer market? If you are thinking of selling your home, the market is not as strong as it once was, and the Cromford report is anticipating further home price deterioration.
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Caitlin McKeague
Broker Associate | BRBR679010000