Real Prices Up 11% from 2005
Phoenix real, inflation-adjusted home prices in June were still 11% higher than at the peak of the previous boom in 2005.
All monthly graphs here.
Eric says Home Prices Fall AFTER Recessions Begin
And he says home prices often don’t bottom out until around 12 months AFTER a recession ends.
Let’s check it out for Phoenix.
Check out this KJZZ piece on Short-Term Rentals in Arizona
Will Phoenix Follow Dallas & Other Cities on Airbnb?
Soft Landing / Mild Recession Coming Soon?
My barber says someone stole his rent payment out of a blue mailbox in front of the post office! They changed the amount and the name on the check of who to pay the money to but left his signature. Stole $9,000. Bank says it could take 1 to 3 months for him to get his money back.
Click on the graphs to go to the full-size, interactive version.
Notice how very small changes in New Listings and Solds eventually cause HUGE changes in the number of houses For Sale and house Prices (see graph above).
This information can vary a lot in different parts of metro Phoenix. Your real estate agent can find the data for your specific city or zip code at The Cromford Report.