Housing Market Stalling?

Fannie Mae recently released quite a statement predicting a major slow down in the housing market.  However, if you made it to through the first page or two, you came to the disclaimer that secondary cities do not fall into this future prediction.  Of course, Phoenix has been on a steady growth path since the end of the recession.

 California continues to lose population.  Around 25% of our many newcomers come from Silicone Valley or Los Angeles.

The Pacific Northwest  contributes our next largest group of new residents.   

Phoenix, like many large cities has different rates of growth for different neighborhoods.  Home prices are another large factors.  Homes in the luxury market of over 1 million dollars take much longer to sell than homes priced under $275,000.