Lowering Expectations For The Phoenix Housing Market

November 29, 2013

The latest numbers from the Phoenix housing market are not exactly awe-inspiring. Foreclosures are way down from 2012, and the median price of homes for sale has climbed to $213,000, but as we head into 2014, prices are expected to remain flat.

And the market that usually takes off when our weather cools off? It is time to lower your expectations, according to Mark Stapp, executive director of the Master of Real Estate Development Program at Arizona State University's W.P. Carey School.