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.”
Read Full Article in: more: www.azcentral.com