
Analyst calls Phoenix area’s home sales ‘dismal’ and predicts prices will continue to ‘wobble’
PHOENIX — According to data recently released by the Arizona Regional Multiple Listing Service, interest rates have continued to erode the Valley’s median home prices, which fell to $431,000 in September from $435,000 in August. “As our market trudges through rising mortgage rates and scarce housing supply, September, as well as third quarter closing numbers,…