Phoenix Real Estate Interactive Home Price Charts - Weekly and Monthly. Single-Family Houses for Sale in the Phoenix MLS The number of houses hitting the market is VERY low but the number of houses selling is even LOWER so the number of houses that are For Sale is increasing unusually fast for this time of year.
Unemployment rate rose. Number quitting a job declined. Short term rental rates and occupancy dipped. Add those factors and it would seem the trend you've identified will continue or worsen. It will take a burst of new employment to blunt the trend. The kind of burst that would come from TSMCs plant going on line.
Also note MFR new construction has dipped. Construction jobs will decline. But the rate of new housing coming on the market will also dampen
Unemployment rate rose. Number quitting a job declined. Short term rental rates and occupancy dipped. Add those factors and it would seem the trend you've identified will continue or worsen. It will take a burst of new employment to blunt the trend. The kind of burst that would come from TSMCs plant going on line.
Also note MFR new construction has dipped. Construction jobs will decline. But the rate of new housing coming on the market will also dampen