Phoenix Real Estate Ready for Double Dip?

phoenix real estate double dip
phoenix real estate double dip

We all know that Phoenix real estate has taken one of the hardest beatings in the nation. Now new data is emerging that may indicate the dreaded double dip.

The Arizona Regional Multiple Listing Service index, based on pending purchase agreements, shows Phoenix home prices hit a new record low of $115,000 for December 2010.

That's lower than they were in April.