Metro Phoenix home prices rising again; scary market crash forecast debunked
Despite Goldman Sachs’ doom-and-gloom prediction that housing prices in Phoenix and a few other markets will tumble this year, it appears they’re still gaining steam. Most cities are sellers’ markets again, and the median home price in February was expected to reach $415,000—an increase of $5,000. Big events like the Waste Management Phoenix Open and Super Bowl likely drummed up interest in living here, so strong demand is forecast as long as interest rates don’t continue to spoil the party.
