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Phoenix housing prices up 30% in past year
Metro Phoenix kicked off the bustling home-buying season with another big price surge while the local supply problem worsened, according a report released Friday from ASU.  In March, single-family homes saw prices climb by nearly 30% year-over-year in March to $175,000 - a 3% increase from the previous month.  Slightly less than 12,000 active single-family listings that were not under contract on April 1.  Only 20% of those active listings on April 1 were priced below $150,000.  That's a 29-day supply versus a 39-day supply in March.
Read article - Phoenix Business Journal