By Terrance Thornton | Scottsdale Independent
The laws of supply and demand continue to swing the economic pendulum to those looking to sell both single-family and multifamily residential dwellings throughout the Phoenix metropolitan housing market.
Data shows the Phoenix housing market is on good footing with all economic indicators — inventory levels, foreclose rates and both median sale prices and listings — illustrating a healthy housing market dominated by single-digit appreciation levels and fewer and fewer distressed homes.
Real estate experts who spoke with Independent Newsmedia say an underlying current of economic activity is beginning to show a level of disruption through the local housing market: the vacation rental.
Real estate experts suggest more tracking measures need to be in place as the vacation rental game appears ready to boom in the Valley of the Sun.