By Jesse A. Millard | Phoenix Business Journal
Phoenix housing prices continued to rise for the month of May, but folks looking to enter the Phoenix housing market may be relieved to hear that tight supply for mid-range homes may ease up as more building permits have been issued, according to new data released by Arizona State University.
Building permits for homes priced in the $200,000 to $500,000 range saw a relatively small increase in the past two months, but buyers looking to enter the market with an affordable home may still face competition, said Michael Orr, who released the report Wednesday.
