02/16/2020
"A recent forecast for the Phoenix, Arizona real estate market predicted that home prices would continue rising through 2020. And thatβs not surprising. Based on the current supply-and-demand situation in the area, it seems unlikely that the Phoenix real estate market will crash anytime soon.
With that being said, this market will probably experience a lower level of home-price appreciation in 2020, compared to the gains of 2018 and 2019."
Many Phoenix residents recall the housing market crash that occurred twelve years ago. But it's unlikely that we will see a repeat of that in 2020.