Phoenix housing indicates economic recovery?

By Peter Samore | KTAR

PHOENIX — Prospects of a coronavirus vaccine are sending the markets up, and metro Phoenix’s red-hot housing market could be another sign of economic recovery.

Homes are selling in 12 days on average in this market.

“I don’t think we can make strong statements about the housing market spreading to a broader economic recovery yet,” Zillow senior economist Chris Glynn said.

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