Tight inventory, emerging trends shape the pockets of the metropolitan housing market

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.

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