Phoenix housing market’s recovery still lagging most metros

phx housingKristena Hansen | Phoenix Business Journal

Metro Phoenix is outperforming most of the country in terms of home-prices, but employment is underwhelming and new-home permits are far below average. That was the overall conclusion of the National Association of Home Builders/First American Leading Markets Index, which released a report today comparing current economic and housing conditions in about 360 metro areas with the last period of normalcy before the Great Recession.

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