By Catherine Reagor | The Republic
Metro Phoenix home buyers hoping the market will slow and prices will dip shouldn’t expect a break anytime soon.
Valley home prices are poised to hit a new record. Sales continue to climb, and the supply of houses for sale keeps shrinking, leading to more bidding wars.
Low mortgage rates, rising rents and a growing number of people moving to metro Phoenix are fueling the housing market.
Despite talks of a looming recession or at least an economic slowdown, housing market watchers don’t see the market cooling in 2020.
