Greater Phoenix’s Residential Real Estate Market Puts 2023’s Challenges in Rearview, Sees Brighter Prospects for 2024

Motivated buyers, downsizing sellers expected to help 2024 rebound from tough year

inbusinessPHX.com

Greater Phoenix's residential real estate market weathered unprecedented challenges in 2023, with factors such as a shortage of listings, record-high mortgage rates and hesitant sellers making it the toughest year for the market since 2009, according to the latest market data reports from Phoenix REALTORS®. Yet despite the challenges, REALTORS are turning their gaze towards a … [More]