Phoenix Home Prices and Sales Dip in January, But Expected to Rebound
• Metro Phoenix housing market was flat in January; median home price stayed at $430,000 • Home sales dipped in January to 4,122, down about 700 from December • Prices and sales expected to climb in February, with median price hitting $440,000 and sales topping 5,500 • Lower mortgage rates, currently around 6.9%, should boost housing market from usual February-June upswing • Housing expert compares January 2022 to a "Lizzo Mitch Trubisky Arizona Cardinals kind of month," not as strong as early 2021