Despite my expecations, the news is no-news in the Republic:

Metropolitan Phoenix's resale housing market slowed to a more sedate pace in November, although the price for a typical house bounced a few thousand dollars higher.

This is pretty underwhelming considering all the hysterical build-up, but at least we don't have sob stories about innocent vicitms who can't afford surgery for their cat because they only got a 750% return-on-investment when their home sold.