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Experts see some hopeful signs for homeowners

Posted by   /  April 13, 2020  /  No Comments

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By Paul Maryniak | Ahwatukee Foothills News

At least for now, homeowners in Ahwatukee and throughout the Valley are finding a ray of good news in the dark times brought on by the COVID-19 pandemic.

Home values are holding steady and the housing market has a pulse, experts say.

While some national forecasts suggest that could all go south in a few months and that a prolonged economic downturn could result in a foreclosure rate of as much as 40 percent, observers of the Phoenix Metro market are saying that current trend lines offer no cause for despair.

“The Greater Phoenix housing market has changed a lot less than you might expect,” was the observation last week offered by the Cromford Report, which studies the region’s housing market daily.

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