By Brent Ruffner | Your Valley
Constant change and the recent conflict in eastern Europe makes the local housing market difficult to predict in the near future, according to a local housing analyst.
Thomas Brophy, housing research director for Colliers in Phoenix, said constant change and “unprecedented times” have left some housing analysts unsure of what is to come after Russia invaded Ukraine on Feb. 24.
In addition, the Federal Reserve could continue to raise interest rates despite the potential of an ongoing war in Ukraine.
“Will the Fed continue to raise rates when there’s all this chaos going on around the world?” Brophy said. “I don’t know.”
