By Mike Sunnucks | Phoenix Business Journal
The housing market continues to zig-zag but unfortunately its latest zag is in slow motion, according to one of the region’s leading home builders.
Andy Warren, president of Scottsdale-based Maracay Homes, said the real estate picture has been ebbing and flowing a lot since the recession. Lately, it’s just been ebbing with prices, demand and sales activity having slowed.
“We are experiencing a sort of zig-zagging pendulum effect,” said Warren.