By Tim Gallen | Phoenix Business Journal
Real estate guru Michael Orr finally has confirmed what I’ve been experiencing all spring and summer: the Phoenix housing market is in a slump. That’s what Orr lays out in his latest monthly report that shows the housing markets in Maricopa and Pinal counties have slowed dramatically in the past year.
Sales of single-family homes were down 11 percent year-over-year in June, according to the report.