Valley Housing Market Has Softened

Dec. 20, 2013

The Valley’s housing market seems to have slowed a bit, not Great Recession slow, but slower than it was earlier in the year.

Jim Belfiore, president of Belfiore Real Estate Consulting in Phoenix, said that has led some home builders to try and drive demand. He said a rise in interest rates earlier this year and a significant increase in new home prices has softened the market a bit.