Arizona fares slightly better as high mortgages, low inventory hit home sales

Rising mortgage rates have hit home sales nationally, according to a new report, making owners reluctant to sell and buyers facing steeper costs. The same is true in the Valley, local agents say, but demand from the region’s fast-growing population has helped sales in Arizona. (Staff Sgt. Teresa J. Cleveland/U.S. Air Force)

Rising mortgage rates have hit home sales nationally, according to a new report, making owners reluctant to sell and buyers facing steeper costs. The same is true in the Valley, local agents say, but demand from the region’s fast-growing population has helped sales in Arizona. (Staff Sgt. Teresa J. Cleveland/U.S. Air Force)

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