Phoenix’s slower real estate gains a good thing, real estate VP says

RealtyTrac Vice President Daren BlomquistPhoenix Business Journal

While RealtyTrac found U.S. home prices shot up 13 percent in May, prices in Arizona posted a more modest 6 percent increase. But that’s a good thing, according to RealtyTrac Vice President Daren Blomquist, who maintains that higher numbers are not sustainable.

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