2016 Phoenix Housing Market Outlook

The Phoenix real estate market in 2008 was the poster child for being devastated by the real estate bubble.  People with a million dollars could buy a city block of houses. That is changing and it's changing very quickly.  2015 was a decent year in home appreciation, but 2016 is expected to have prices increase by about 9%.  New home sales will be a whopping 16%.  This according to Realtor.com economist Jonathan Smoke. If you're a buyer; you'd better get started sooner rather than later. … [Read more...]