Phoenix Home Prices – Over a 50% Decline

Posted on | June 14, 2009 | No Comments

Thanks to Zillow.com for the chart above that shows just how bad things have gotten in the Phoenix housing market.  The Case-Shiller Index illustrates that Phoenix is down 53% since the July 2006 top.  It will be very interesting to see if higher mortgage rates affect this trend even more.  I would like to hear from anyone in the Phoenix market and please let us know if you have seen any signs of recovery.

Make sure to use Subprime Blogger for your mortgage rates forecast as well as keeping up with mortgage rate trends.

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