New home prices rise 5.9% while resale price hikes slow
Since the economic downturn a decade ago, home sellers and buyers alike in the Phoenix region have been apprehensive about the housing industry with worries of another bubble getting ready to burst.
According to a study by Metro Phoenix Housing Market Data and Analysis and RL Brown Housing Reports, the Valley’s residential sector is not only surviving, but also thriving — with no sign of a bubble.
The report states the region saw the most home permits and closing it has seen in the past 10 years for October. CLICK HERE FOR THE ENTIRE ARTICLE