April 25, 2024 6:20 pm
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Phoenix housing market picks up while other major markets slow down

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The Phoenix housing market picked up in the past year while other major markets including Seattle, Sacramento and Portland experienced a slowdown, according to online real estate database company Zillow.

The July 2018 Zillow report found that home values in Phoenix rose 7.7 percent in the last year, with a median home value of $256,000. The average rate of home value growth was 4.8 percent, which the report said is faster than average.

The U.S. as a whole saw home values rise eight percent in the last year, with median home value reaching $218,000.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.