Phoenix home prices cooling slowly, but a major crash is highly unlikely anytime soon.
Population boom keeps demand steady: over 4.7 million residents, fueled by jobs and remote work.
Many newcomers initially opt for rental housing, creating a robust demand for rental properties.
Forecasts suggest gradual declines: July -0.5%, September -1.5%, June 2026 -1.7%, slow easing.
By 2026, expect stabilized prices, moderate growth, and balanced market for buyers and sellers.
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