Phoenix Business Journal
The slowdown in home prices continued nationally in November, as values inched up just 0.1 percent and an economist said Arizona could face “whiplash” as prices become less affordable.
Bloomberg reported the Federal Housing Finance Agency said prices were up 7.6 percent from November 2012 but up a much smaller amount month over month.
Stan Humphries, chief economist for Zillow Inc., said the Southwest including Arizona and California could soon face a situation where buyers are priced out of the market, creating volatility.
