By Harold Wong | Tempe Republic
(Editor’s note: Posting opinion pieces does not necessarily reflect the opinions of Rose Law Group.)
Home prices and metal prices are two key indicators of where our economy might be headed in 2 014 .
Boom in real estate
The Valley has had a huge boom in home prices over the past three years, and particularly in 2012 and 2013. In March 2000, the median home price in the Phoenix metropolitan area was $125,000. After that, a crazy real-estate boom took off and the median price peaked at $264,800 in June 2006. In May 2011, the median price bottomed out at to qualify for a mortgage.