After the dust settled on the pandemic buying frenzy, which massively inflated home prices in the city, property values in Phoenix are collapsing.
Real estate analyst Nick Gerli, the CEO of Reventure App, warned of a potential incoming crash, as home prices are down 6.9 percent from their peak in June 2022.
“This market is trending down, and trending down fast,” Gerli said in a recent YouTube video…