November 21, 2024 7:54 am
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Hot Phoenix housing market cooled in pandemic, but kept going

Photo by Hubble Ray Smith / Daily Miner

By Catherine Reagor | The Republic

Metro Phoenix’s housing market slowed quickly in the early days of COVID-19 but is showing signs of bouncing back.

New listings and home sales cancellations climbed in March when many homeowners and homebuyers were worried about making mortgage payments as unemployment soared.

The Valley’s real estate industry didn’t stop though. Real estate agents, mortgage brokers, title agencies, home builders, appraisers and home inspectors donned masks, gloves and figured out how to keep home sales going during the health and economic crisis.

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