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Metro Phoenix home prices hit new record. Sorry buyers, no slowing in sight

Posted by   /  February 18, 2020  /  No Comments

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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.

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  • Published: 5 months ago on February 18, 2020
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  • Last Modified: February 18, 2020 @ 8:50 am
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