ASU-RSI: Phoenix Home Prices Plummet in April
{ Posted on jul 25 2008 by Prophet }
The overall price decline for the Phoenix metro housing market took a dramatic, 18 percent leap downward in April, which was unsettling since March numbers were already very weak. Part of the problem has been a wave of foreclosures hitting the market; this tends to dramatically impact average housing prices, says Karl Guntermann, a professor of real estate at the W. P. Carey School of Business.
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