Analyst expects Valley home prices to rise in March

Food for thought. I stubbled upon this article in AZ Republic titled: Analyst expects Valley home prices to rise in March.

“The latest forecast calls for metro Phoenix home prices to climb in March. The median sales price of a house in the region is expected to reach $114,000 this month, according to the Pending Price Index from the Arizona Regional Multiple Listing Service…

..The area’s median price has been hovering around $110,000 for the past few months. Home sales climbed 9 percent in February, giving prices a little boost.”

“Housing-data analyst Tom Ruff of the Information Market said he was “starting to see a bottom forming” for the market.”

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