The Phoenix housing market is in the midst of a supply and demand crisis that started during the pandemic.
The crisis has caused a rapid rise in home prices that have priced out prospective buyers.
Home prices took a sharp dip in early 2020 according to the Cromford Report, a Phoenix-metro housing data firm. Beginning in June of 2020, the median home price in the Valley began a rise that has continued into November 2021 and looks unlikely to stop any time soon.
Housing analysts say there just arenโt enough homes on the market for all of the people who want to buy them.
Read the full story: https://www.12news.com/article/money/markets/largest-buyer-maricopa-county-homes-progress-residential-delaware/75-794f7854-0b70-406b-b92f-0273d86443b7
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