Who is hit hardest by AZ’s flat housing market?

By Angela Gonzales | Phoenix Business Journal

A bump in mortgage rates this spring is keeping homebuyers on the sidelines at a time when typically prices increase and there is the most demand from homebuyers.

The increase in mortgage rates since the beginning of March likely dampened what could have been increased buyer demand, said Sarah Perkins, director of industry research and senior account executive for Navi Title Agency in Scottsdale.

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