No crash for Phoenix housing

By Catherine Reagor | The Republic

The Phoenix area’s housing market is showing no signs of crashing despite job losses and other economic hits because of COVID-19.

The region’s home sales typically dip during the summer, as fewer buyers opt to brave triple-digit temperatures to check out and commit to houses. Now, with masks and other distancing and safety precautions, it would seem more buyers would stay home.

But contracts to buy Phoenix-area homes priced above $300,000 soared over the past week, according to the Cromford Report.

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