Supply and demand remains lost on Valley’s housing market

supply-demandBy Adam Kress | Phoenix Business Journal

While prices are steady, new research from Arizona State University shows the market may be on the verge of another housing shortage as single-family home sales in May were down nearly 20 percent from a year earlier. This comes after local home prices quickly increased from September 2011 to last summer before slowing down and even dropping slightly earlier this year.


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