Fear of another real estate price crash and memories of the extreme hardship it caused in 2008 haunt housing markets in Arizona, writes Henry Thomson. In conjunction with the pandemic, it’s a deep-seated fear

The Covid-19 pandemic has pushed pause on the red-hot real estate market in the greater Phoenix area, causing many to wonder whether we are going to see a replay of the Great Recession when housing markets in some southwestern states crashed in spectacular fashion.

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