Housing Supply on the Decline in Phoenix
CNBC reporter Diana Olick revealed on Thursday that the housing supply in Phoenix is shrinking – and that’s a good thing.
Just a few years ago, Phoenix was looked upon as the “poster child for the housing crash,” but these days the market is heating up and homes are not sitting for long.
“The market is moving very fast, especially under $250,000,” said Erik Jensen, a real estate agent with the Caniglia Group. “Homes are lasting one or two days on the market.”
Image via flickr/Alan Stark