Little to cheer about here on home price front

By Paul Maryniak | Ahwatukee Foothills News

A major Valley real estate tracker is reporting its data show 13 of 17 cities in the Phoenix Metro area – including Phoenix itself – “moving in favor of buyers.”

But homebuyers likely won’t find much to cheer about in the Cromford Report’s latest findings.

That’s because prices are so high and inventory so little changed that it will seem like same-old, same-old in the market: prices are red-hot and pickings are slim.

“We must remember that these are declines from extreme heights and the situation is not going to feel much different in the real world,” Cromford said.

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