By Jeremy Duda and Sami Sparber | Axios
It’s a homebuyer’s market nationally — if you can afford it — and in few places is that truer than the Phoenix Valley.
The big picture: There are nearly 500,000 more sellers than buyers in the U.S. housing market, Redfin estimates.
Why it matters: That’s the widest gap on record — and a big reversal from just a few years ago, when buyers were desperate to find a place to live, sending prices into the stratosphere, Axios’ Emily Peck reports.