Phoenix single-family house sales are down 40% from 2021. It's safe to say we're in a real estate sales recession. Huge downside risk for real estate prices IF the overall U.S. economy also goes into recession.
Crash in Phoenix Single-Family House Sales
Crash in Phoenix Single-Family House Sales
Crash in Phoenix Single-Family House Sales
Phoenix single-family house sales are down 40% from 2021. It's safe to say we're in a real estate sales recession. Huge downside risk for real estate prices IF the overall U.S. economy also goes into recession.