Demand spike, strained supply push prices higher in Phoenix housing market
*Ask your Fairway Loan Officer about our "Buy Again" programs for Boomerang Buyers!
Phoenix home prices have increased this year as supply decreases coinciding with a spike in demand, according to new data released from Arizona State University.
Median home prices rose 5.1 percent from last year as home buyers who have repaired their credit from foreclosure and short sale re-enter the market, the data found.
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