Lack of housing taking chunk out of Phoenix affordability… The local housing has cooled a bit and buyers might see slight discounts in the weeks and months ahead. That does not mean the market is yet returning to normal, said Thomas Brophy, housing analyst at Colliers in Phoenix. “We are off our low inventory (numbers),” Brophy said. “But we are still far from normal.” Buyers might see discounts in the range of 2.5% to 5% these days, he said. But housing prices are likely to remain high because there is a “severe lack of supply” in the Phoenix area, he said. Read more of brentski999 story at yourvalley.net. #housing #arizonahomes #phoenixhomes