ASU report: Phoenix housing market slows
Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have been slowing down in recent months, according to a new report from the W. P. Carey School of Business at Arizona State University. Things are still looking good in the luxury market -- homes priced at more than $500,000. In December, the percentage of residential properties purchased by investors was 19.3%.
Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have been slowing down in recent months, according to a new report from the W. P. Carey School of Business at Arizona State University. Things are still looking good in the luxury market -- homes priced at more than $500,000. In December, the percentage of residential properties purchased by investors was 19.3%.
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