While we strive for accuracy, the availability of foreclosure properties listed on our site is not guaranteed due to ever-changing market conditions. We invite you to explore other categories, including pre-foreclosures, offering valuable real estate investment opportunities.
Phoenix's housing market has gone from a boil to a simmer. After a frenzy of price spikes in recent years, things have finally calmed down. Higher mortgage rates cooled some of the demand, and prices have leveled off from their peak. Still, Phoenix remains a popular destination for people moving in from pricier states, so underlying demand keeps the market active.
Buyers have a bit more negotiating power now as inventory creeps up. Some are even watching foreclosure listings for a chance at a bargain. Overall, the market is warm but not scorching, giving everyone a bit more breathing room.
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