Register | Forgot Your Password? | Close

Phoenix may be doing fine when it comes to home prices, but it seems like the Valley's real estate market still has a long way to go.

According to the Business Insider, the Phoenix housing market is only expected to grow less than one percent from 2011 to 2012.

The Valley's current median home price is $144,000, 52.7 percent off their 2006 peak.

The report also said that Phoenix's 7.2 percent unemployment rate and sub-$60,000 annual average income is a detriment to the housing market.

The worst housing market in the nation is Miami, which had negative growth from 2011 to 2012.,

share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.