Housing market reality check, home prices decreasing in Phoenix area

After years of leading the nation in home price growth, the Phoenix metro is now dipping into the red, according to the latest S&P Corelogic Case-Shiller Indices, released April 25. It’s the first time this has happened since the Great Recession. If you drive, you’ll notice “for sale” signs popping up across the Valley, but we know prices just aren’t as high as they used to be.