Housing prices are kept stable in the Phoenix subway, but expect more profits – ktar.com

Housing prices during the year in Phoenix have emerged a little in November, according to the latest S&P Corelogic Case-Shiller indices.

Issued on January 27, the report shows an increase of 1.56% in the year in November Metro Phoenix housing prices. Housing prices decreased by 0.05% between September and October, but remained stable at .02% between October and November.

“Phoenix continues to be one of the slower market estimates, although there are signs of Renaissance, especially in pricing properties with lower and higher prices,” says Selma Hep, an Irvine economist, California-based company For Corelogic Inc. real estate data

Phoenix has seen a jump in inventory in the last year, which also helps to keep the lid of home prices, Hep said.

With the mortgage rates that move around 7%, home buyers are beginning to accept this rate as the new norm, at least in the near future, said Greg Hag, CEO of the Scotsdale -based 72Sold. Hague expects to see housing prices to estimate by up to 5% in 2025.

This story has been published in partnership with Phoenix Business Journal. Click to read the full story.