DATA: Is Phoenix heading toward a housing crash or a stable market?

According to the real estate site Redfin, the median sale price of a home in Phoenix is down almost 5% from a year ago.

According to the Case Shiller index, there are three pivotal points in the year-over-year changes; 2004, the price runup that began the great recession, 2011 during the recovery phase, and 2020. Phoenix is a more volatile market that frequently has higher highs and lower lows compared to the national index.

There are several differences between now and the housing market crash of the mid-2000s. Lending standards are better and there is less housing inventory overall. Data from realtor.com shows that active listings in the 10 largest U.S. metros is lower than it was in 2019.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Lloyds faces housing market chill as profit growth stallsBritain's Lloyds Banking Group signalled that falling house prices, competition on savings and rising costs may crimp future returns after reporting flat profit growth for 2022. It’s well covered and a good buy sun .50p
La source: Reuters - 🏆 2. / 97 Lire la suite »

How immigration and an aging population will affect Canada's housing marketDesjardins\u0027 Randall Bartlett talks to Down to Business about how immigration will affect Canada\u0027s housing market. Listen here. financialpost The greedy boomers crossed the bridge of home ownership and burned it down after
La source: TheStarPhoenix - 🏆 253. / 63 Lire la suite »