Phoenix Housing Market to See Typical December Dip, But Lower Rates Could Spur 2024 Rebound
- Metro Phoenix housing market balanced currently, not favoring buyers or sellers
- Home prices and sales expected to dip slightly in December, typical for holidays
- Lower mortgage rates could give housing market a boost in 2024
- Younger buyers largely priced out due to jumps in prices and rates
- If rates fall to 6-6.5% range, could spur more buyers to return to market