Phoenix multi-million-dollar home sales at best rate since 2007

$1<homesBy Matthew Hendley | Phoenix New Times

Considering Phoenix was especially hard-hit by the housing crisis, there’s always something interesting to be found in the monthly real estate reports released by Arizona State University’s Center for Real Estate Theory and Practice.

Demand for homes has been fairly low, but people spending more than $500,000 on a home appear to be doing just fine.

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