Luxury home sales are propping up the Phoenix housing market

Metro Phoenix’s housing market is in a holding pattern, but it’s got more momentum to climb back up than other parts of the country.

Home prices are flat, sales are down and homebuyers are weary of the economy, tariffs, affordability, immigration changes and interest rates.

But the Valley is still attracting new residents and jobs, unlike many other parts of the country. Its economy and housing market are getting a boost from a huge increase in international migration sparked by metro Phoenix’s tech boom led by TSMC…

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