06-01-2016
Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
09-26-2014
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
09-05-2014
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
08-25-2014
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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06-01-2016

Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...


09-26-2014

More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...


09-05-2014

Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...


08-25-2014

Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...


04-02-2014

Metro Phoenix home prices dip in February The Valley's median home-sales price dipped to $195,000 in February, according to Arizona State University's W.P. Carey School of Business. In February, home-sales activity was down 26% from a year ago. The Valley's median home-sales price is now up about ...


02-19-2014

ASU report: Phoenix housing market slows Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have been slowing down in recent months, according to a new report from the W. P. Carey School of Business at Arizona State University. Things are st ...


01-27-2014

Phoenix-area housing market tilts in favor of buyers The number of houses for sale in metro Phoenix has climbed almost 40% in the past year. With many more properties from which to choose, the market is tilting away from sellers toward people looking to buy. This is the case for certain areas ...


01-08-2014

NEW LOAN REQUIREMENTS FOR GETTING A MORTGAGE Written by Phoebe Chongchua on Monday, 06 January 2014 8:44 am PRINT | EMAIL Compare Multiple Mortgage Rates in Minutes | 30-day Credit Repair Guaranteed The number of homes purchased with a home loan has been dropping steadily since May, accor ...


10-09-2013

Phoenix-area buyers have more options as housing market improves Posted: October 04, 2013 Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, says buyers have more options now in the improving Phoenix-area housing market. ...


10-09-2013

New rules ease the way for boomerang buyers to re-enter housing market Story Comments Image (2) ShareShare   PrintCreate a hardcopy of this pageFont Size:Default font sizeLarger font size     Previous Next Housing market ...


10-04-2013

Phoenix Real Estate:Sellers No Longer in Driver's Seat Supply in the Phoenix real estate market has greatly improved. Demand, however, has cooled as investor interest has waned and ordinary homebuyers haven't taken up the slack. If this shift continues, the market could be in balance by year's end. ...


09-27-2013

Investors are still buying metro Phoenix homes.Higher home prices haven't deterred all investors. In July, 27% of all houses sold in Maricopa County were purchased by investors. That compares with 40% in July 2012. Monthly foreclosures have fallen below 700, so investors aren't buying only inexpensi ...


09-23-2013

Phoenix: From too many vacant houses to not enough More than 100,000 houses stood vacant across metro Phoenix barely three years ago. Now, buyers and renters live in those places - in properties re-floored, repainted and relandscaped. The number of empty houses in the Phoenix area today stands at ab ...


09-09-2013

How Mom and Dad Can Gift a Piece of the House For tax purposes, the IRS considers a gift of equity the same as a cash gift, subject to maximum allowable annual tax-exemption limits. That amounts to $14,000 a person in 2013. However, each parent can give $14,000 to both a husband and wife, for a nont ...


08-28-2013

US home prices rise strong 12.1 percent in June; Valley up 20 percent The Standard &Poor's/Case-Shiller 20-city home price index slowed only marginally from May's year-over-year gain of 12.2%, the fastest since March 2006. And all 20 cities posted gains from the previous month and compared with a ...


07-12-2013

Phoenix-area foreclosure saga ending Posted: July 08, 2013 The latest report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, shows the number of properties going into foreclosure in the Phoenix area has finally dropped to "normal, ...


07-10-2013

ASU: Phoenix-area home prices still surging as inventory remains low The median single-family home price for all Phoenix-area homes for May was up nearly 26% from a year ago to $185,000, according to ASU's monthly housing report. The median price for existing homes was up by 12.6% from last year ...


06-12-2013

Metro Phoenix home-sale prices up 60% from market low Metro Phoenix's median home-sales price climbed to $181,399, an almost 60% increase from the real estate crash's low price in August 2011. The main reason for higher home sales prices is the chronic shortage of available houses for sale in the ...


06-06-2013

CoreLogic: Phoenix-area home prices up nearly 20 percent in past year Home prices in the Phoenix-area soared nearly 20% higher in April compared with the same month a year ago, according to CoreLogic.  Including sales of distressed homes, prices around the Valley grew 19.2% over the 12-month pe ...


05-06-2013

Phoenix housing prices up 30% in past year Metro Phoenix kicked off the bustling home-buying season with another big price surge while the local supply problem worsened, according a report released Friday from ASU.  In March, single-family homes saw prices climb by nearly 30% year-over-year in ...


04-17-2013

Phoenix Among 7 Housing Markets That Are Roaring BackThe latest FNC Residential Price Index recorded a 28-month high for home prices in February (the most recent data available).  The index increased 6.1% - the fastest rate it's grown since July 2006.  Phoenix ranked #1 on the li ...


03-27-2013

Phoenix leads nation in flash salesWhen it comes to homes sold within 24 hours of being listed, Phoenix leads the nation.  While some home buyers are ready to act fast, others take a slower approach.  The Phoenix market saw 540 flash sales over the last five months.  Agents sometimes ...


03-25-2013

<B>Metro Phoenix real estate now a burgeoning seller's market <B> </Br> Last week, approximately 13,000 houses and condos were listed for sale across the region.  In 2008, there were four times as many houses for sale.  Houses, particularly those priced below $200,000, a ...


03-20-2013

Wall Street Institutions Behind Home Price Surges In Markets Like PhoenixHousing stocks have surged over the past year and billionaire investors like Warren Buffett have been exceedingly vocal about the investment opportunities brick and mortar properties have represented.  Now those Wall Stree ...


03-11-2013

ASU: Phoenix-area home prices surge 35% During the bustling holiday season, metro Phoenix home prices declined slightly as expected.  Then, prices returned to a path of steady incline during the first month of 2013 - surging 35.3% year-over-year.  The median single-family home price in Jan ...


02-15-2013

Friday, February 15, 2013          Arizona's mortgage delinquencies rate falls to 5.18% Arizona's gradual housing recovery has entered a new phase, with mortgage delinquencies here no longer elevated compared with the rest of the nation.  Arizona mortgages ...


02-08-2013

Phoenix-area home prices rose 34 percent in 2012 This article examines a year-end report released Thursday by Arizona State University's W.P. Carey School of Business.  In 2012, median home prices were up by almost 34% and foreclosures plunged by a staggering 51%.  In addition, cash invest ...


02-06-2013

Median Phoenix home prices jumped 29% in 2012 Phoenix led the nation in improving housing prices among 33 metro areas in a study released last week by ZipRealty.  Median home prices in Phoenix in 2012 were up 29% over the previous year - that's well above the 11% increase nationally.  Phoe ...


02-04-2013

Big money betting big on housing Investors are demonstrating their confidence in the housing recovery.  Hedge funds and private equity firms have been buying up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and buildi ...


02-01-2013

Scoring a bargain on a foreclosed home in Phoenix not easyThe number of Phoenix homeowners losing their properties to foreclosure has taken a nosedive over the past year, and the downward trend is expected to be ongoing this year.  For the Valley, foreclosure activity last year plummeted by abo ...


01-30-2013

Case-Shiller: Phoenix shows largest gain in US home prices Home prices accelerated nationwide in November from a year ago thanks to rising sales and a tighter supply of homes on the market.  The S&P/Case-Shiller home price index rose 5.5% in November from a year ago - the largest year-over- ...


01-14-2013

As Phoenix-area home prices rise more ordinary buyers find opportunities Posted: January 10, 2013 The latest report from Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business, shows that more ordinary buyers may be getting into the P ...


01-11-2013

Will Higher Prices Attract More Sellers to Recovering Phoenix Market?The latest report from the W. P. Carey School of Business at ASU finds:* Single family home prices rose sharply between October and November and show very large increases since November 2011:   o The median sales price is ...


12-20-2012

Resale Sales     ARMLS-reported sales for November rose a little over 8% from the October sales figure with a decrease of 210. On an annually adjusted basis sales were down 337 or about 5% from November 2011.     The November sales quantity is typically a little ...


12-19-2012

Barclays: 'Turning Point' for Home Owners in 2013Falling housing inventories and an increase in demand bode well for the market's recovery next year, according to Barclays 2013 housing outlook report. Real estate wealth is expected to give a long-awaited boost to consumer spending in 2013. "Thi ...


12-14-2012

Report: Surge in new-home sales signals rebound under wayAccording to a report by Arizona State University's W.P. Carey School of Business, 1,021 new single-family homes were sold in the Phoenix area during October, an 85 percent increase from the same month last year.  For the year, 7,399 new ...


12-12-2012

Phoenix leads nation in home price gains Home prices in Phoenix area rebounded at the highest rate of any metro area in the country during the past year, with the price of an average home jumping 9.5%, according to new figures from the Federal Housing Finance Agency.  The next four top gainers ...


12-07-2012

Arizona could hit full economic recovery in 3 yearsWe're finally on the path to full economic recovery, and Arizona may get there in about three years.  That's the main message from experts who spoke Dec. 5 at the 49th Annual Economic Forecast Luncheon co-sponsored by ASU's W. P. Carey School o ...


12-05-2012

Phoenix-area home prices up 34% in a year, new home sales up 85%After a seasonal slowdown during the scorching summer months, the metro Phoenix housing market was back on the upswing again in October with existing home prices up more than 34% year-over-year and new-home sales up a whopping 85%, acco ...


11-27-2012

Phoenix leads as home prices rise in most cities across the nation Standard & Poor's/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3% in September compared with the same month last year.  Across the nation, prices increased in 18 of 20 cities over the 12-month per ...


11-21-2012

Foreclosure Discounts Vanishing Daily Real Estate News | Tuesday, November 20, 2012 Foreclosure discounts have nearly dried up due to low inventory levels, according to the latest housing reports. The average discount nationwide for foreclosure properties has fallen to 7.7 percent, acco ...


11-13-2012

New apartment complexes targeting high-tech workers A $50 million apartment complex under construction in south Tempe is targeting high-tech workers - at Honeywell, Intel and other nearby technology hubs - with luxury amenities that rival custom-made homes.  The development signals a shift in V ...


11-06-2012

Selling a Real Estate Business Is ComplexSelling a real estate business requires a diligent, focused effort to paint a clear picture for prospective buyers. If you're interested in learning how to sell a real estate business, you will need to focus on consolidating information into a prospectus that ...


11-05-2012

Reagor: Answers to Phoenix-area market questions   By Catherine Reagor, columnist The Republic | azcentral.com Fri Nov 2, 2012 6:39 PM Metro Phoenix housing analyst Mike Orr participated in a live chat on azcentral.com this week about the state of the residential market. Orr, p ...


10-18-2012

Phoenix #4 in US for affordable housingA median-income household can only afford a median-priced home in 14 of the nation's 25 largest metropolitan areas.  Atlanta, Detroit and Minneapolis-St. Paul are the most affordable cities, according to Interest.com's first Home Affordability Study.  ...


10-09-2012

Limited supply pushes Arizona home prices upThe latest numbers on home prices and home sales in Arizona suggest that more people are jumping into the market.  In the Phoenix metro area, the median price of single-family homes hit $150,000 in August - up 33.7% from a year earlier, according to a ...


10-05-2012

Construction employment in Phoenix hits 4-year highMetro Phoenix's construction industry reached a milestone in August.  Adding the third-highest number of new jobs of any metropolitan area in the nation, the region pushed the size of its local workforce to a four-year high.  The Valley re ...


08-23-2012

Report: Phoenix home values continue to riseA report released Wednesday night shows the number of Phoenix homeowners who are underwater on their mortgages has fallen.  Phoenix home values are up 13.4% from July of last year, the biggest increase out of the top 30 markets Zillow tracks.Read arti ...


01-18-2012

Is housing glut over? Experts predict housing shortage by spring - Real estate experts predict the Valley’s years-long housing glut is reaching its end and, as early as this spring, could stun home buyers by transforming into a shortage.  The crunch is expected to be more pronounced in th ...


12-29-2011

Phoenix housing market may be on rebound - Phoenix's home price numbers went up in December, while most other major cities saw home prices decline.  "With our weather being as good as it is, people are coming from colder states and Canada to take advantage of our market," said Jeff Ch ...


12-21-2011

Housing market is picking up a little - In 2011, there has been an unprecedented rise in the number of leases that are happening each month, according the housing experts.  Numbers released in December's Rent Check, a monthly publication that looks at the Valley's residential single family leas ...


11-30-2011

New stats indicate Arizona's housing market may have hit bottom - There are indications that the state's housing market may finally have hit bottom.  A few of the state's metro areas moved into the positive range in the last quarter in terms of average home values.  Marshall Vest, economis ...


11-17-2011

Positive signs for Valley housing market - The Valley housing market is showing signs of improving, according to numbers from Realtor.com.  The median list price for a home in the Phoenix-Mesa area in October was $157,675 - up more than 5% from September.  The number of homes listed for sa ...


10-13-2011

Fewer foreclosures slowed Sept. sales - Investors looking to snap up foreclosure homes in Maricopa County found fewer properties on the market in September, triggering a slowdown in sales for the month, according to a new report from Arizona State University.  Prices squeaked up a bit from Augu ...


07-15-2011

  New Homes: The Historical Picture     An over-supply situation became undeniable when our market exceeded the historical record for specs in January 2006, and it has continued in that mode for about three years.  Since then the New Home subdivision count has moved ...


07-08-2011

Valley housing market gaining ground - Frenzied home-sales activity in June proved earlier speculation about a third dip in metro-Phoenix home prices to be untrue.  The median price of an existing home in the region climbed to $118,950 last month, after hovering at a low of $115,000 for six str ...


07-07-2011

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,116 units, 419 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdivision choose ...


07-01-2011

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released May ARMLS1 resale sales reports is $108,300, up $2700 from the April reports.  The Average Price dropped slightly from $161,300 to $158,80 ...


06-17-2011

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,187 units, 354 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdiv ...


06-09-2011

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,202 units, 330 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdivision choose ...


06-09-2011

  Resale Sales Analysis     The April ARMLS1 Reports reported sales of 9,328, which is a decrease of 599 from March.  On a seasonally adjusted basis sales were up 67 from April 2010.     Sales Patterns   There are several different factor ...


05-21-2011

April ARMLS Reports     Resale Listings       The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on May 16th, was 34,215—down 3,417 listings from the March reports.    ...


04-29-2011

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,240 units, 333 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdiv ...


04-29-2011

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released March ARMLS1 resale sales reports is $110,000, up $100 from the February reports.  The Average Price rose slightly from $155,600 to $157,800.  The graph below displays both th ...


04-22-2011

  March ARMLS Reports     Resale Listings       The listing count reported in the March Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on April 18th, was 37,632—down 3,034 listings from the February reports.& ...


04-15-2011

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,286 units, 316 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdiv ...


04-01-2011

  Resale Sales Analysis     The February ARMLS1 Reports reported sales of 7,171, which is an increase of 632 from January.  On a seasonally adjusted basis sales were up 576 from February 2010.     Sales Patterns   There are several differ ...


03-28-2011

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,359 units, 309 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdiv ...


03-28-2011

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released February ARMLS1 resale sales reports is $109,900, down $100 from the January reports.  The Average Price dropped slightly from $157,000 to ...


03-18-2011

  February ARMLS Reports     Resale Listings       The listing count reported in the February Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on March 15th, was 40,666—down 2,215 listings from the January repo ...


03-11-2011

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,407 units, 318 less than six months ago.   <!--[if !vml]--><!--[endif]-->  What we count as specs are the individual properties which each subdivision choose ...


03-03-2011

Resale Sales Analysis     The January ARMLS1 Reports reported sales of 6,539, which is a decrease of 1,862 from December.  On a seasonally adjusted basis sales were up 750 from January 2010. Sales rose above the level of one year ago for the first time in six months. <!--[ ...


02-25-2011

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released January ARMLS1 resale sales reports is $110,000, down $100 from the December reports.  The Average Price dropped slightly from $160,400 to ...


02-18-2011

January ARMLS Reports     Resale Listings       The listing count reported in the January Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on February 15th, was 42,881—up 481 listings from the December reports.  In ...


02-04-2011

Resale Sales Analysis     The December ARMLS1 Reports reported sales of 8,401, which is a decrease of 1,612 from November.  On a seasonally adjusted basis sales were up 740 from December 2009. Sales rose above the level of one year ago for the first time in six months. <!- ...


01-27-2011

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released December ARMLS1 resale sales reports is $110,100, down $4,900 from the November reports.  The Average Price rose slightly from $159,000 to $160,400.  The graph below displays ...


01-21-2011

December ARMLS Reports     Resale Listings       The listing count reported in the December Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on January 15th, was 42,463—down 2,890 listings from the November reports.  ...


01-13-2011

Resale Sales Analysis     The November ARMLS1 Reports reported sales of 6,789, which is a increase of 208 from October.  On a seasonally adjusted basis sales were down 704 from November 2009. Sales have been below the level of one year ago for the past six months.<!--[if ! ...


01-08-2011

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released October ARMLS1 resale sales reports is $115,000, down $5,000 from the October reports.  The Average Price decreased from $163,300 to $159, ...


12-23-2010

  November ARMLS Reports     Resale Listings       The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on December 15th, was 45,353—up 101 listings from the October repor ...


12-21-2010

Positive indicators for metro Phoenix's housing market - "The sharp relapse (of home prices) fueled by the end of the tax credit is now over," said Housing analyst Mike Orr, publisher of the Cromford Report.  "I expect a long, slow recovery in 2011."  There are positive ...


12-10-2010

Resale Sales Analysis     The October ARMLS1 Reports reported sales of 6,581, which is a decrease of 91 from September.  On a seasonally adjusted basis sales were down 1,540 from October 2009. Sales have been below the level of one year ago for the past five months.<!--[if ...


12-03-2010

Resale Sales Pricing Analysis   The Median Price in the recently released October ARMLS1 resale sales reports is $120,000, up $500 from the September reports.  The Average Price increased from $159,800 to $163,300.  The graph below displays both the monthly Average Price and Media ...


11-20-2010

October ARMLS Reports     Resale Listings       The listing count reported in the October Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on November 15th, was 45,252—up 50 listings from the September reports.  In ...


11-12-2010

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,528 units, 150 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--> ...


11-06-2010

  Resale Sales Analysis     The September ARMLS1 Reports reported sales of 6,672, which is a decrease of 686 from August.  On a seasonally adjusted basis sales were down 1,235 from September 2009. Sales have been below the level of one year ago for the past five mon ...


10-29-2010

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released September ARMLS1 resale sales reports is $119,500, up $500 from the August reports.  The Average Price decreased from $164,100 to $159,800.  The graph below displays both the ...


10-22-2010

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,580 units, 117 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--> ...


10-22-2010

  September ARMLS Reports     Resale Listings       The listing count reported in the September Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on October 15th, was 45,202—up 895 listings from the August repor ...


10-08-2010

Resale Sales Analysis     The August ARMLS1 Reports reported sales of 7,358, which is an increase of 1,420 from July.  On a seasonally adjusted basis sales were down 650 from August 2009. Sales have been below the level of one year ago for the past three months.<!--[if !su ...


10-02-2010

Resale Sales Pricing Analysis   The Median Price in the recently released August ARMLS1 resale sales reports is $119,000, down $6,000 from the July reports.  The Average Price decreased from $176,100 to $164,100.  The graph below displays both the monthly Average Price and Median ...


09-24-2010

August ARMLS Reports     Resale Listings       The listing count reported in the August Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on September 15th, was 44,307—up 1,420 listings from the July reports.  In Mar ...


09-10-2010

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,725 units, 121 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--> ...


09-04-2010

  Resale Sales Analysis     The July ARMLS1 Reports reported sales of 7,101, which is a decrease of 2,177 from June.  On a seasonally adjusted basis sales were down 1,994 from July 2009. Sales have been below the level of one year ago for the past three months.<! ...


08-20-2010

July ARMLS Reports     Resale Listings       The listing count reported in the July Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on August 16th, was 42,887—up 1,018 listings from the June reports.  In March 2009 ...


08-14-2010

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,744 units, 3 more than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--><!--[endif] ...


08-06-2010

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,726 units, 25 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--><!--[endif ...


08-06-2010

Resale Sales Analysis     The June ARMLS1 Reports reported sales of 9,278, which is an increase of 211 from May.  On a seasonally adjusted basis sales were down 47 from June 2009. May’s decrease was the first time in 23 months there was a drop in sales compared to one y ...


07-30-2010

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,685 units, 54 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--><!--[endif ...


07-30-2010

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released June ARMLS1 resale sales reports is $127,000, down $3,000 from the May reports.  The Average Price increased from $177,100 to $180,000.  The graph below displays both the mont ...


07-23-2010

June ARMLS Reports     Resale Listings       The listing count reported in the June Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on July 15th, was 41,869—up 543 listings from the May reports.  In March 2009 the ...


07-16-2010

Listing vs. Sales Price             This article looks at the relationship pattern between the Listing Price and Sales Price (charts with both Median* and Average Price are displayed).             <!--[if !vml]- ...


07-01-2010

Resale Sales Analysis     The May ARMLS1 Reports reported sales of 9,067, which is a decrease of 194 from April.  On a seasonally adjusted basis sales were down 217 from April 2009. This is the first time in 23 months there has been a drop in sales compared to one year prior. ...


06-04-2010

Resale Sales Analysis     The April ARMLS1 Reports reported sales of 9,261, which is an increase of 292 from March.  On a seasonally adjusted basis sales were up 697 from April 2009.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patterns &nbs ...


05-27-2010

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released April ARMLS1 resale sales reports is $127,500, down $500 from the March reports.  The Average Price decreased from $178,200 to $171,300.  The graph below displays both the mon ...


05-22-2010

April ARMLS Reports     Resale Listings       The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on May 19th, was 41,756—down 999 listings from the March reports.  In March 2009 ...


05-07-2010

Resale Sales Analysis     The March ARMLS1 Reports reported sales of 8,969, which is an increase of 2,374 from February.  On a seasonally adjusted basis sales were up 1,333 from March 2009.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Pattern ...


04-09-2010

Resale Sales Analysis     The February ARMLS1 Reports reported sales of 6,595, which is an increase of 902 from January.  On a seasonally adjusted basis sales were up 1,118 from February 2009.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patt ...


03-11-2010

Resale Sales Analysis     The January ARMLS1 Reports reported sales of 5,789, which is a decrease of 1,872 from December.  On a seasonally adjusted basis sales were up 1,053 from January 2009.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patt ...


03-06-2010

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released January ARMLS1 resale sales reports is $123,000, down $2,500 from the December reports.  The Average Price decreased from $177,500 to $175,700.  The graph below displays both ...


03-01-2010

Warren Buffett sees housing market bouncing back by 2011 - Billionaire Warren Buffett expects the U.S. to recover by 2011 as demand for houses catches up with the supply that accumulated during the bubble.  "Within a year or so, residential housing problems should largely be behind us,&quo ...


02-28-2010

  January ARMLS Reports     Resale Listings       The listing count reported in the January Arizona Regional Multiple Listing Service (ARMLS1) Reports, which were released on February 16th, was 41,506—up 2,882 listings from the December repo ...


02-18-2010

Maricopa County residential property taxes - Homeowners will be taxed in September 2011 on their 2009 values - tax bills this September will use values from 2008.  This article includes a chart that shows the median assessed value of single-family houses for Maricopa County ZIP codes.  Cli ...


02-12-2010

Resale Sales Analysis     The December ARMLS1 Reports reported sales of 7,661, which is an increase of 167 from November.  On a seasonally adjusted basis sales were up 2,137 from December 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Pat ...


01-16-2010

Resale Sales Analysis     The November ARMLS1 Reports reported sales of 7,494, which is a decrease of 627 from October.  On a seasonally adjusted basis sales were up 3,077 from November 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patte ...


01-13-2010

Tax consequences from short sales - Debt forgiveness on loans used to purchase homes is generally not taxable income.  Under the Debt Forgiveness Act of 2007, any debt forgiveness on a loan used to purchase a principal residence is not taxable income.  Therefore, if the short sale has been ...


01-09-2010

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released November ARMLS1 resale sales reports is $130,000, up $2,000 from the October reports.  The Average Price increased from $170,100 to $174,900.  The graph below displays both th ...


01-08-2010

Phoenix Market Shows Signs of Life - A total of 8,544 new and resale houses and condos closed escrow in the combined Maricopa-Pinal counties metropolitan area in November, down 6.7% from October but up 62.0% from a year ago, according to DataQuick.  The month’s total was the highest numbe ...


01-07-2010

Arizona still among 10 fastest-growing states - Arizona's population growth may have slowed dramatically during the recession, but the state still ranks among the top 10 in its growth rate, according to the latest estimates by the U.S. Census Bureau.  The estimates released at the end of Dece ...


01-02-2010

November ARMLS Reports     Resale Listings       The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on December 16th, was 40,372—up 1,060 listings from the October reports. ...


12-05-2009

<!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently released October ARMLS1 resale sales reports is $128,000, down $2,000 from the September reports.  The Average Price decreased from $174,000 to $170,100.  The graph below displays both ...


11-21-2009

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,427 units, 451 less than six months ago. It has dropped below the historical (before the current market conditions) record number of 2,400.   <!--[if !vml]--> ...


11-07-2009

Resale Sales Analysis     The September ARMLS1 Reports reported sales of 7,907 which is a decrease of 101 from August.  On a seasonally adjusted basis sales were up 1,728 from September 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patte ...


11-05-2009

Unseasonably high home sales in October linked to tax rebate - A last-minute rush to cash in on the federal government's tax-rebate program for first-time homebuyers probably kept Valley home sales unseasonably high in October.  Based on preliminary figures from Mesa-based Ion Data, sales of co ...


10-29-2009

Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,383 units, 590 less than six months ago.  The spec count has dropped significantly in the past five weeks.  It has dropped below the historical (before the current market cond ...


10-29-2009

Resale Sales Pricing Analysis   The Median Price in the recently released September ARMLS1 resale sales reports is $130,000, up $4,500 from the August reports.  The Average Price decreased from $170,400 to $174,900.  The graph below displays both the monthly Average Price and Medi ...


10-24-2009

September ARMLS Reports     Resale Listings       The listing count reported in the September Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on October 15th, was 38,340—up 255 listings from the August reports.&n ...


10-08-2009

Resale Sales Analysis     The August ARMLS1 Reports reported sales of 8,008 which is a decrease of 1,087 from July.  On a seasonally adjusted basis sales were up 2,348 from July 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patterns &nb ...


09-25-2009

  Resale Listings       The listing count reported in the August Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on September 15th, was 38,085—up 61 listings from the July reports.  In March the listing quantity drop ...


08-29-2009

Resale Sales Pricing Analysis   The Median Price in the recently released July ARMLS1 resale sales reports is $125,000, the same as in the June reports.  The Average Price increased from $171,500 to $175,300.  The graph below displays both the monthly Average Price and Median Pric ...


08-22-2009

July ARMLS Reports     Resale Listings       The listing count reported in the July Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on July 15th, was 38,024—up 807 listings from the June reports.  In March t ...


08-08-2009

Resale Sales Analysis     The June ARMLS1 Reports reported sales of 9,325 which is an increase of 41 from May.  On a seasonally adjusted basis sales were up 3,359 from June 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patterns   ...


07-31-2009

      Resale Sales Pricing Analysis       The Median Price in the recently released June ARMLS1 resale sales reports is $125,000, an increase of $5,100 from the May reports.  The Average Price increased from $163,500 to $171,500.  The graph below ...


07-27-2009

New law triggers fear for housing, an article from azcentral.com, reports that a new law passed by legislature makes homeowners liable for the difference between their mortgage and what their lender can recoup from reselling their house.  The amendment is designed to protect small community ban ...


07-24-2009

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,557 units, 909 less than six months ago.  The spec count has dropped significantly in the past five weeks.  It has dropped below the historical (before the current ...


07-24-2009

  Resale Listings       The listing count reported in the June Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on June 15th, was 37,217—down 2,685 listings from the May reports.  In March the listing quantity dropped ...


07-20-2009

Low-priced foreclosures incite bidding wars ...


07-09-2009

1st Issue of July 2009     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,573 units, 916 less than six months ago.  The spec count has dropped significantly in the past five weeks.  It has dropped belo ...


07-09-2009

Resale Sales Analysis     The May ARMLS1 Reports reported sales of 9,284 which is an increase of 720 from April.  On a seasonally adjusted basis sales were up 3,647 from May 2008.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Patterns   ...


07-08-2009

Valley's home sales up in June, an article from azcentral.com, reports that metro Phoenix's housing market experienced some more positive signs in June.  Home sales climbed again to reach 9,614 - an 11% increase from May's home sales.  June marked the sixth straight month that home sales c ...


06-20-2009

    May ARMLS Reports     Resale Listings        The listing count reported in the May Arizona Regional Multiple Listing Service (ARMLS1).  Reports, which were released on June 15th, was 39,902—down 4,263 listings from the ...


06-12-2009

  Investors not flipping houses, but renting, an article from azcentral.com, reports that deals on bank-owned homes are driving investor purchases and account for 50 to 70 percent of recent home purchases, according to some experts.  It's the ability to generate revenue by renting the hom ...


06-05-2009

1st Issue of June 2009     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,560 units, 1,046 less than six months ago.  The spec count has dropped significantly in the past five weeks.  It has dropped be ...


06-05-2009

    April ARMLS Reports     Resale Listings       The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on May 15th, was 44,165—down 5,578 listings from the March re ...


05-02-2009

1st Issue of May 2009     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 1,973 units, 582 less than six months ago.  The spec count has fallen only slightly in the past five weeks.  It has dropped below ...


04-24-2009

    March ARMLS Reports     Resale Listings       The listing count reported in the March Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on April 15th, was 49,743—down 2,270 listings from the Februa ...


04-10-2009

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,097 units, 404 less than six months ago.  The spec count has fallen only slightly in the past five weeks.  It has dropped below the historical (before the current ...


04-10-2009

2nd Issue of April 2009     Resale Sales Analysis     The February ARMLS1 Reports reported sales of 5,477 which is an increase of 741 from January.  On a seasonally adjusted basis sales were up 2,032 from February 2008.<!--[if !supportLineBreakNewLine] ...


04-03-2009

<!--[endif]-->1st Issue of April 2009<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released February ARMLS1 resale sales reports is $127,900, a decrease of $2,100 from the January reports.&nbs ...


02-27-2009

  January ARMLS Reports     Resale Listings    The listing count reported in the January Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on February 18th, was 53,601—down 191 listings from the December reports.  T ...


02-12-2009

<!--[endif]--> 2nd Issue of February 2009     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,351 units, 385 less than six months ago.  The spec count has fallen only slightly in the past five weeks.& ...


01-24-2009

<!--[endif]--> 3rd Issue of January 2009       December ARMLS Reports     Resale Listings    The listing count reported in the December Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on January 1 ...


01-15-2009

Where U.S. Home Sales Are Rising, an article from Yahoo! Finance, reports that motivated sellers in these cities are fueling deals and hastening recoveries.  Phoenix tied for 5th on the list of America's Best Cities for Home Sales.  "There's a pretty active housing market, it's simply ...


01-10-2009

  Resale Sales Analysis     The November ARMLS1 Reports reported sales of 4,417, which is a decrease of 967 from October.  On a seasonally adjusted basis sales were up 1,099 from November 2007.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   ...


12-24-2008

    Resale Sales Pricing Analysis     The Median Price in the recently-released November ARMLS1 resale sales reports is $150,000, a decrease of $14,000 from the October reports.  The Average Price dropped from $212,000 to $202,700.  The graph below displays b ...


12-19-2008

November ARMLS Reports     Resale Listings       The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on December 16th, was 56,227—up 524 listings from the October reports.  Th ...


12-11-2008

<!--[endif]--> 2nd Issue of December 2008         Resale Sales Analysis         The October ARMLS1 Reports reported sales of 5,384, which is a decrease of 795 from September.  On a seasonally adjusted basis sales were up 1,9 ...


12-10-2008

Home sales way up as prices continue to drop, an article from The Phoenix Business Journal, reports that there were 6,565 home resales recorded in Maricopa County during the month of November - a 75% jump for November 2007.  Foreclosure sales amounted to 48% of the home sales - up significantly ...


12-04-2008

Treasury weighs action on mortgage rates, an article from msnbc.com, reports that the Treasury department is "strongly considering a plan to intervene directly in the mortgage industry to dramatically force down rates."  Under the plan, the Treasury would purchase securities that fina ...


12-03-2008

  Valley housing recovery on track, an article from azcentral.com, examines a seven-point test for tracking the recovery of the local housing market.  This report card, created by Tim Sullivan of the Sullivan Group, shows the Phoenix market getting better marks.  Last ...


11-21-2008

    October ARMLS Reports     Resale Listings    The listing count reported in the October Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on November 14th, was 55,703—up 1276 listings from the September repo ...


11-14-2008

Greater Phoenix resale numbers show decline in prices In October 2008, a total of 8,210 resale homes recorded as sold. Foreclosure activity represented 47 percent (3,745 transactions) and 4,465 traditional market transactions. Foreclosed transactions represent home owners losing their prope ...


11-07-2008

<!--[endif]--> 2nd Issue of November 2008         Resale Sales Analysis         The September ARMLS1 Reports reported sales of 6,179, which is an increase of 519 from August.  On a seasonally adjusted basis sales were up 2,5 ...


10-30-2008

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released September ARMLS1 resale sales reports is $170,000, a decrease of $15,000 from the August reports.  The Average Price dropped from $237,800 ...


10-09-2008

  Resale Sales Analysis     The September ARMLS1 Reports reported sales of 5,720, which is a decrease of 246 from July.  On a seasonally adjusted basis sales were up 1,370 from July 2007.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales ...


10-02-2008

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,380 units, 785 less than six months ago.  The spec count continues to decline, and this week it has dipped below the historical record.   <!--[if !vml]--> ...


10-02-2008

<!--[endif]--> 1st Issue of October 2008 Resale Sales Pricing Analysis   The Median Price in the recently-released August ARMLS1 resale sales reports is $185,000, a decrease of $5,000 from the July reports.  The Average Price dropped from $249,200 to $237,800.  The graph b ...


09-25-2008

<!--[endif]--> 4th Issue of September 2008       September ARMLS Reports     Resale Listings    The listing count reported in the August Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on Septembe ...


09-06-2008

1st Issue of September 2008   <!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released July ARMLS1 resale sales reports is $190,000, a decrease of $8,900 from the June reports.  The Av ...


08-30-2008

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,604 units, 944 less than six months ago.  The spec count continues to decline, but it is still significantly above the historical record.   <!--[if !vml]--& ...


08-30-2008

    July ARMLS Reports     Resale Listings    The listing count reported in the July Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on August 18th, was 53,546—down 280 listings from the June reports.  T ...


08-15-2008

<!--[endif]--> 2nd Issue of August 2008     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,736 units, 953 less than six months ago.  The spec count continues to decline, but it is still significantly ...


08-15-2008

2nd Issue of August 2008     Resale Sales Analysis     The June ARMLS1 Reports reported sales of 5,748, which is an increase of 111 from May.  On a seasonally adjusted basis sales were up 309 from June 2007.<!--[if !supportLineBreakNewLine]--><!- ...


08-07-2008

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released June ARMLS1 resale sales reports is $198,900, a decrease of $6,100 from the May reports.  The Average Price dropped slightly from $269,700 ...


07-24-2008

How housing rescue bill can help you, an article from CNNMoney.com, reports that on Wednesday, the House passed a $300 billion housing rescue bill aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.  If the bill is now passed by the ...


07-24-2008

  June ARMLS Reports     Resale Listings    The listing count reported in the June Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on July 15th, was 53,826—down 335 listings from the May reports.  The listing quan ...


07-10-2008

2nd Issue of July 2008     Resale Sales Analysis     The May ARMLS1 Reports reported sales of 5,637, which is an increase of 762 from April.  On a seasonally adjusted basis sales were down 158 from May 2007.<!--[if !supportLineBreakNewLine]--><!- ...


06-27-2008

<!--[endif]--> 4th Issue of June 2008       May ARMLS Reports     Resale Listings    The listing count reported in the May Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on June 16th, was 54,161& ...


06-12-2008

<!--[endif]--> 2nd Issue of June 2008     Resale Sales Analysis     The April ARMLS1 Reports reported sales of 4,875, which is an increase of 572 from March.  On a seasonally adjusted basis sales were down 652 from April 2007.<!--[if !supportLin ...


06-06-2008

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released April ARMLS1 resale sales reports is $209,900, a decrease of $1,000 from the March reports.  The Average Price dropped slightly from $293, ...


05-23-2008

4th Issue of May 2008     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 2,827 units, 1,228 less than six months ago.  The spec count continues to decline, but it is still significantly above the historical r ...


05-23-2008

4th Issue of May 2008       April ARMLS Reports     Resale Listings    The listing count reported in the April Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on May 14th, was 55,726—down 1,355 lis ...


05-12-2008

Home resales rise in W. Valley as prices are slashed, an article from The Arizona Republic, reports that according to a report from Arizona State University, home sellers in the West Valley have slashed their asking prices up to 30 percent since February, and the price cuts are spurring sales in Sur ...


05-08-2008

2nd Issue of May 2008     Resale Sales Analysis     The March ARMLS1 Reports reported sales of 4,303, which is an increase of 858 from February.  On a seasonally adjusted basis sales were down 1,677 from March 2007.<!--[if !supportLineBreakNewLine]--&g ...


05-02-2008

<!--[endif]--> 1st Issue of May 2008   <!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released March ARMLS1 resale sales reports is $210,000, a decrease of $3,400 from the February ...


04-10-2008

<!--[endif]--> 2nd Issue of April 2008     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 3,143 units, 969 less than six months ago.  The spec count has dropped quite a bit in the past couple months, b ...


04-10-2008

<!--[endif]--> 2nd Issue of April 2008     Resale Sales Analysis     The February ARMLS1 Reports reported sales of 3,445, which is an increase of 538 from January.  On a seasonally adjusted basis sales were down 1,502 from February 2007.<!--[if ...


03-27-2008

th Issue of March 2008     Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 3,233 units, 775 less than six months ago.  The spec count has dropped quite a bit in the past couple months, but this number is still ...


03-27-2008

4th Issue of March 2008       February ARMLS Reports     Resale Listings    The listing count reported in the February Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on March 14th, was 57,305—up 431 ...


03-13-2008

  Resale Sales Analysis     The January ARMLS1 Reports reported sales of 2,907, which is a decrease of 505 from December.  On a seasonally adjusted basis sales were down 1,482 from January 2007.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   ...


03-07-2008

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released January ARMLS1 resale sales reports is $220,000, a decrease of $9,800 from the November reports.  The Average Price rose slightly $313,200 ...


02-29-2008

    January ARMLS Reports     Resale Listings    The listing count reported in the January Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on February 15th, was 56,874—up 2,361 listings from the December repo ...


02-14-2008

Resale Sales Analysis     The December ARMLS1 Reports reported sales of 3,412, which is an increase of 94 from November.  On a seasonally adjusted basis sales were down 1,981 from December 2006.<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Sales Pa ...


02-07-2008

<!--[if !supportLineBreakNewLine]--><!--[endif]-->   Resale Sales Pricing Analysis   The Median Price in the recently-released December ARMLS1 resale sales reports is $229,800, a decrease of $2,700 from the November reports.  The Average Price dropped from $319,000 ...


02-02-2008

  Resale Listings    The listing count reported in the December Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on January 15th, was 54,513—down 2,237 listings from the November reports.  After a moderate fall off in the listing cou ...


01-18-2008

<!--[endif]--> 3rd Issue of January 2008     Resale Sales Analysis     The November ARMLS1 Reports reported sales of 3,318, which is a decrease of 134 from October.  On a seasonally adjusted basis sales were down 2,002 from November 2006.<!--[if ! ...


01-17-2008

New housing outlook: 5 years to recover Catherine ReagorThe Arizona RepublicJan. 17, 2008 12:00 AM Home prices will stop falling. New- and used-home sales will pick back up. And the subprime-lending debacle will be over but not forgotten.But it could take a few years for that to happen in metro P ...


01-10-2008

2nd Issue of January 2008     Resale Sales Pricing Analysis   The Median Price in the recently-released November ARMLS1 resale sales reports is $232,000, a decrease of $2,500 from the October reports.  The Average Price dropped from $324,200 to $319,000.  The gr ...


01-03-2008

November ARMLS Reports     Resale Listings    The listing count reported in the November Arizona Regional Multiple Listing Service (ARMLS)1 Reports, which were released on December 14th, was 56,750—down 1,428 listings from the October reports.  After a mo ...


12-13-2007

Phoenix home resales slowed to crawl in November, an article from The Arizona Republic, reports that the median price in the Phoenix area fell 7% to $240,000 in November, compared with $259,000 last year, according to Arizona State University's Realty Studies.  Home sales in November suffered a ...


12-13-2007

2nd Issue of December 2007     Resale Sales Analysis     October ARMLS Reports reported sales of 3,452, which is an increase of 31 from September.  On a seasonally adjusted basis sales were down 2,117 from October 2006.     Sales Patterns ...


12-06-2007

  October ARMLS Reports     Resale Listings    The listing count reported in the October ARMLS Reports, which were released on November 19th, was 58,178—up 208 listings from the September reports.  After a moderate fall off in the listing count ...


12-05-2007

Many Subprime Borrowers May Be Able to Refinance, an article from RealEstateJournal.com, reports that according to Eric Rosengren, president of the Federal Reserve Bank of Boston, many borrowers with subprime mortgages have reasonably good credit and may be able to refinance into a less costly mortg ...


11-08-2007

2nd Issue of November 2007     Resale Sales Pricing Analysis   The Median Price in the recently-released September ARMLS resale sales reports is $234,900, a drop of $10,100 from the August reports.  The Average Price also dropped substantially, from $343,000 to $307, ...


10-31-2007

Resale Sales Analysis     September ARMLS Reports reported sales of 3,421, which is a decrease of 919 from August.  On a seasonally adjusted basis sales were down 2,185 from September 2006.     Sales Patterns   There are several different factors t ...


10-25-2007

    September ARMLS Reports     Resale Listings    The listing count reported in the September ARMLS Reports, which were released on October 15th, was 57,970—up 763 listings from the August reports.  After a moderate fall off in the li ...


10-11-2007

Resale Sales Analysis     August ARMLS Reports reported sales of 4,350, which is a decrease of 377 from July.  On a seasonally adjusted basis sales were down 1,765 from August 2006.     Sales Patterns   There are several different factors that inte ...


10-03-2007

  Resale Sales Pricing Analysis   The Median Price in the recently-released August ARMLS resale sales reports is $245,000, a drop of $5,000 from the July reports.  The Average Price also dropped slightly, from $343,000 to $342,200.  The graph below displays both the mont ...


09-21-2007

House prices to drop much lower: Greenspan All Reuters news VIENNA (Reuters) - A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday. ...


09-21-2007

  August ARMLS Reports     Resale Listings    The listing count reported in the August ARMLS Reports, which were released on September 14th, was 57,207—up 1,291 listings from the July reports.  After a moderate fall off in the listing count in t ...


09-12-2007

2nd Issue of September 2007     Resale Sales Pricing Analysis   The Median Price in the recently-released July ARMLS resale sales reports is $250,000, a drop of $5,000 from the June reports.  The Average Price also dropped slightly, from $349,300 to $343,000.  T ...


09-11-2007

The first article, Cost to rent in the Valley on the slowdown, from the East Valley Tribune, reports that after two years of escalating apartment rents, relief is in sight for Valley renters, as rentals of single-family homes and failed condo conversions flood the market. From the second quarter 2 ...


09-06-2007

The first article, Pending home sales hit 6-year low, from MSNBC.com, reports that the National Association of Realtors index of pending home sales for existing homes fell 16.1 percent in July from a year ago and 12.2 percent from the prior month. The pending home sales index is designed to predic ...


09-05-2007

The first article, Loan firms urged to ward off mortgage defaults, from the Arizona Republic, reports that the Federal Reserve and other banking regulators issued special guidance Tuesday urging loan companies to work with borrowers in danger of defaulting on their home mortgages. The guidelines a ...


08-29-2007

Resale Sales Analysis     July ARMLS Reports reported sales of 4,727, which is a decrease of 712 from June.  On a seasonally adjusted basis sales were down 1,366 from July 2006.     Sales Patterns   There are several different factors that interact ...


08-28-2007

House prices suffer worst fall in index history All Reuters news NEW YORK (Reuters) - An index measuring U.S. house prices suffered its worst decline since its creation 20 years ago, and there is no sign of a bottom for the market, according to a report compiled by Standard and Poor's an ...


08-23-2007

  July ARMLS Reports     Resale Listings    The listing count reported in the July ARMLS Reports, which were released on August 15th, was 55,916—up 1,086 listings from the June reports.  After a moderate fall off in the listing count in the four ...


08-15-2007

  Time-on-Market Analysis     The Average Days-on-Market reached a new record high in February.  When the Phoenix market was in equilibrium, this number was typically between 60 and 70 days.  Average days-on-market is the average number of days houses that ...


07-25-2007

  A BUYER’S MARKET     The Phoenix residential real estate market has currently become a “BUYER’S MARKET”.      Our definition of a “buyer’s market” is when ...


07-19-2007

  June ARMLS Reports     Resale Listings    The listing count reported in the June ARMLS Reports, which were released on July 13th, was 54,830—up 371 listings from the May reports.  After a moderate fall off in the listing count in the fourth qu ...


06-28-2007

  Resale Listings     Real-time Information   ARMLS compiles monthly data for reports to be released on about the 15th of each month.  In this rapidly changing market, utilizing only the Arizona Regional Monthly Listing Service (ARMLS) Sales Reports has th ...


06-20-2007

May ARMLS Reports     Resale Listings    The listing count reported in the May ARMLS Reports, which were released on June 14th, was 54,459—up 916 listings from the April reports.  After a moderate fall off in the listing count in the fourth quarter of 200 ...


06-17-2007

Mortgage rates up sharply in month Russ WilesThe Arizona RepublicJun. 17, 2007 12:00 AM If you blinked, you might have missed the jump in mortgage rates.Responding to action in the bond market, lenders have pushed up interest rates on many types of loans, including the 30-year fixed variety that' ...


06-14-2007

New Listings Information       The level of the homes-for-sale inventory is one of the key pieces of information to understanding the current real estate market.   The significance of the NEW Listing Information contained in this article is subtle, but importan ...


06-06-2007

    Time-on-Market Analysis     The Average Days-on-Market reached another new record high in February.  When the Phoenix market was in equilibrium, this number was typically between 60 and 70 days.  Average days-on-market is the average number of ...


05-23-2007

Resale Sales Analysis     April ARMLS Reports reported sales of 5,527, which is an decrease of 453 from March.  On a seasonally adjusted basis sales were down 1,237 from April 2006.     Sales Patterns   There are several different factors that inte ...


05-18-2007

  April ARMLS Reports     Resale Listings    The listing count reported in the April ARMLS Reports, which were released on May 11th, was 53,543—up 1,459 listings from the March reports.  After a moderate fall off in the listing count in the four ...


04-19-2007

March ARMLS Reports     Resale Listings    The listing count reported in the March ARMLS Reports, which were released on April 13th, was 52,084—up 3,328 listings from the February reports.  After a moderate fall off in the listing count in the fourth quar ...


04-16-2007

The first article, Foreclosures rocket in Valley, from the Arizona Republic, reports that last month, 553 families lost their homes to foreclosure, a four-year high, according to Information Market, a property-record research firm. At the same time, 1,705 homeowners received notices from their lende ...


04-12-2007

The first article, Group predicts median home prices will drop, from MSNBC.com, reports that the National Association of Realtors (NAR) on Wednesday said it expects the national median price for an existing home to drop this year for the first time since the NAR began tracking records in the late 19 ...


04-11-2007

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 3,777 units, 934 less than six months ago.  Though the spec count has been gradually dropping over the last six months, this number is still over 50% greater than the pre ...


04-10-2007

The article, Slowdown Spreads Beyond Housing, from Arizona's Economy, reports on Marshall Vest's latest take on the economy and housing market. Marshall Vest is the Forecasting Director for the Eller College of Management at the U of A. In his March quarterly newsletter, he states that the home ...


03-22-2007

The article, Builders, homeowners square off over prices, from the East Valley Tribune, reports that in many parts of the Valley, homeowners are competing with builders for home sales, and the builder is winning. Some homeowners who bought at the peak of the market and who need to sell their ex ...


03-21-2007

  February ARMLS Reports     Resale Listings    The listing count reported in the February ARMLS Reports, which were released on March 14th, was 48,756—up 1,958 listings from the January reports.  After a moderate fall off in the listing count i ...


03-07-2007

The first article, Phoenix home prices drop, but freefall unlikely, from the Arizona Republic, reports that metropolitan Phoenix home prices have dropped in the past year, but economists say not to expect a freefall in Arizona's housing prices. According to the latest issue of the Arizona Blue Chip ...


02-28-2007

Resale Sales Analysis     January ARMLS Reports reported sales of 4,389, which is a decrease of 1004 from December.  On a seasonally adjusted basis sales were down 868 from January 2006.     Sales Patterns   There are several different factors that ...


02-23-2007

January ARMLS Reports     Resale Listings    The listing count reported in the January ARMLS Reports, which were released on February 14th, was 46,798, rising for the first time in three months—up 2,551 listings from the December reports.  Listings droppe ...


02-05-2007

    Out-of-state investors still buy here, but pace slower, from the Arizona Republic, reports that Metropolitan Phoenix's housing market isn't the affordable haven for Californians that is was two years ago. The number of people from California buying Valley homes has shrunk to  ...


01-30-2007

The first article, Valley new home market shows signs of stabilizing, from the East Valley Tribune, reports that following a year of slumping sales, the Valley's new home market is expected to stabilize in 2007 as builders continue to get rid of excess inventory. "2006 activity will cause the i ...


01-26-2007

The first article, Better days are forecast, but at a cost, from the Arizona Republic, reports that housing analyst RL Brown told a crowd of about 1,300 that Phoenix's new home market will get better after this year, but only if builders get serious about reducing spec-home inventory and prices an ...


01-25-2007

The first article, 2006 resale home market in Phoenix area slumps, from the Arizona Business Gazette, reports that for 2006, 67,035 sales of existing homes were recorded in the metro Phoenix resale market, compared with 110,835 sales for 2005 and 102,115 for 2004. Although the market slowed apprecia ...


01-18-2007

<!--[endif]--> 2nd Issue of January 2007     Resale Sales Analysis     November ARMLS Reports reported sales of 5,320, which is a decrease of 249 from October.  On a seasonally adjusted basis sales were down 2,030 from November 2005.   &nb ...


01-11-2007

The first article, Existing home sales in December worst of 2006, from the Arizona Republic, reports that metropolitan Phoenix's resale market finished the year with 67,035 homes sold, down from the boom years of 2004 and 2005, according to the latest numbers released by the Realty Studies Group at ...


12-28-2006

he first article, Valley home inventory slowly dropping, from the East Valley Tribune, reports that after shooting up rapidly in 2006, the number of existing Valley homes on the market has inched down in the past couple of months. About 43,800 homes are currently up for resale, down from a peak of r ...


12-27-2006

The third article, Business real estate outlook mostly sunny for '07, from the Arizona Republic, reports that most real estate experts expect commercial real estate in the Valley to have a very merry 2007. The consensus is that rents in all sectors will grow, vacancies will remain low, and instituti ...


12-22-2006

The second article, Arizona back as U.S.'s fastest-growing state, from the East Valley Tribune, also reports on the latest U.S. Census numbers and adds that 1985 was the last year that Nevada wasn't the number one state. In terms of raw numbers, Arizona placed fifth with 213,000 population gain, whi ...


12-20-2006

  November ARMLS Reports     Resale Listings    The listing count reported in the November ARMLS Reports, which were released on December 15th, was 45,261—down 2,327 listings from the October reports.  October saw the first drop in listings in t ...


12-15-2006

The second article, Home resale market gains in Nov., from the Arizona Republic SW Valley, reports on the resale market in the West Valley communities. It reports that so far in 2006 Valleywide, 62,415 sales have occurred through November, down from the 104,360 for the same period in 2005. Glendale' ...


12-04-2006

The first article, With 25,000 spec homes, now may be the time to buy, from the Arizona Republic, reports that as many as 40 percent of the contracts on all new homes in the Valley during 2005 and early this year have fallen through. That translates to 25,000 spec homes, according to a new survey fr ...


11-30-2006

The third article, Selling your home in slump? Don't panic, from MSNBC.com, reports that with home values dropping and home sales off, homeowners needing to sell are in an anxious state. December is typically the slowest month of the year for home buying activity, and agents are advising sellers tha ...


11-22-2006

  October ARMLS Reports     Resale Listings    The listing count reported in the October ARMLS Reports, which were released on November 15th, was 47,588—down 855 listings from the September reports.  This is the first drop in listings in thirtee ...


11-22-2006

  Current New Homes Market     6-Month Spec Count   The spec inventory count is now at 4,603 units, 967 more than only six months ago.  The market has nearly doubled the previous record of 2,400 (prior to January 2006) by 2,203, though we have seen the spec ...


11-20-2006

The article, Construction of housing falls to lowest rate since "00,from the Arizona Republic, reports that housing construction ofsingle-family homes and apartments fell 14.6 percent in October to an annualrate of 1.486 million units, the slowest pace since July 2000. Buildingpermits fell 6.3 ...


11-14-2006

  Resale Listings       Real-time Information   ARMLS compiles monthly data for reports to be release on about the 15th of each month.  In this rapidly changing market, utilizing only the Arizona Regional Monthly Listing Service (ARMLS) Sales Rep ...


11-06-2006

The first article, Experts weigh in on market in Phoenix, from the Arizona Republic, reports that a number of local and national real estate gurus are tracking the Valley;s housing market and here is what they have to say. There were 53,509 listings on the market on Nov. 1. That's 12 homes to every ...


11-02-2006

The article, Drop in MLS listings could mark housing turnaround, from the Phoenix Business Journal, reports that the Arizona Regional Multiple Listing Service reported a drop in resale listings from the end of September to the end of October-- from 46,390 down to 46,228. That number includes 4,600 n ...


10-31-2006

The article, Housing market could bottom out in six months, survey says, from the Phoenix Business Journal, reports that according to Metrostudy's latest report on our local real estate market, the housing market could bottom out during the next six months. "Cutbacks in new production, aggressi ...


10-27-2006

  Resale Sales Pricing Analysis     The Median Price in the recently-released September ARMLS resale sales reports is $249,900 which is a $5,000 drop since the August reports.  The Average Price also dropped from $330,900 to $324,400.  The graph below displays ...


10-26-2006

The first article, Existing home sales keep falling, from MSNBC.com, reports that in further evidence of a sharp slowdown in the once-booming housing market, sales of existing homes nationwide fell for the sixth straight month in September and the median price dropped by a record amount. Sales fell ...


10-20-2006

The first article, Home values easing in slump, from the Arizona Republic, reports that despite slumping sales activity, the West Valley's median price for houses rose during the first eight months of 2006, anywhere from 10 to 30 percent, according to an analysis by the Arizona Republic. But th ...


10-12-2006

Resale Listing Growth       Real-time Information   ARMLS compiles monthly data to release reports on about the 15th of each month.  In this rapidly changing market, utilizing only the Arizona Regional Monthly Listing Service (ARMLS) Sales Reports has the ...


10-11-2006

The first article, September slow for home resales, from the Arizona Republic, reports that the Valley resale market continued to slow in September as only 4,875 existing homes sold in the month, down from the 9,815 sales in September 2005. The median resale price fell to $256,900, down from $263,00 ...


10-04-2006

The first article, As housing market cools, home prices will dip, from MSNBC.com, reports that housing prices, slumping after a five year boom, are projected to fall in more than 100 of the nation's metropolitan areas, with the Northeast, Florida and California among the areas hardest hit, according ...


09-21-2006

        The article, 'Buy now!' Conventional wisdom says the time is right to take advantage of home incentives, from the Phoenix Business Journal, reports that contrary to today's popular wisdom to ride out the current market correction in single-family home sales, some ex ...


09-20-2006

August ARMLS Reports         Resale Listings      The listing count reported in the August ARMLS Reports, which were released on September 13th, was 48,092—up 734 listings from the July reports.  Again, for the eighth month in a row, thi ...


09-18-2006

    The first article, Valley's falling home prices are 'necessary correction', from the Arizona Republic, reports that Metro Phoenix's housing market is "somewhat" vulnerable to a real estate bubble, but that's not necessarily a bad thing, because if home prices dip a little ...


09-14-2006

Realty Times, September 8 - Housing Shifts More Toward Buyer's Market This YearMcLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 6.47 percent with an average 0.4 point for t ...


09-12-2006

The first article, Prices of homes slip again, from the Arizona Republic, reports that Valley homes prices dipped again in August, even falling below last year's levels in some areas. The median sales price fell to $262,500, a drop from July's median price of $264,900. The numbers were released by t ...


09-07-2006

      U.S. home prices will probably fall temporarily as the housing market corrects, the National Association of Realtors said Thursday. Prices should bounce higher in a few months, said David Lereah, chief economist for the real estate group "as the market ...


09-06-2006

The first article, Arizona ranks No. 2 for job growth, from the Phoenix Business Journal, reports that Arizona held the No. 2 spot for job growth among states in July behind Nevada, according to the most recent Blue Chip Job Growth Update released Tuesday. Arizona had 2.58 million jobs as of July 20 ...


09-05-2006

The first article, Arizona job gains likely to continue, from the Arizona Republic, reports that Arizona will continue to add jobs at a healthy clip through 2007 but not at the fast pace seen in 2005. Arizona economist at the Department of Economic Security see a 4.9 percent job growth rate in 2006 ...


08-21-2006

     Home buyers, sellers playing 'game of chicken', from the Arizona Republic Scottsdale, reports that Scottsdale Realtor Karl Stauffer describes the local real estate market as a "game of chicken going on between buyers and sellers". Buyers are waiting for the market ...


08-17-2006

       Housing downturn will hurt, from the Arizona Republic, reports on the Republic's Jon Talon's perspective on our current housing slowdown. He states that Metropolitan Phoenix, more dependant on the housing industry than any other major city, is facing it ...


08-16-2006

The first article, Home sales slowdown seen spreading, from MSNBC.com, reports that the slowdown in the once sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona (down almost 27 percent), F ...


08-14-2006

The third article, Home buyers reluctant about taking the plunge, from the East Valley Tribune, reports that home buyers have the upper hand in the Valley's real estate market, but industry watchers say most are reluctant to jump in and are instead waiting to see when values will bottom out. Put sim ...


08-11-2006

The first article, Used-home prices dropped in July, but sales up from June, from the Arizona Republic, reports that the median resale price of a Valley home fell to $264,900 last month, after climbing to a record $267,000. The number of July resales rose to 5,545, up from the 5,460 in June. However ...


08-07-2006

  The first article, Foreclosures are on the rise in Valley, from the Arizona Republic, reports that in July, the number of "Notices of Trustee Sales" recorded in the Valley climbed to 837, from June's total of 776. Notices are sent to homeowners with loans that were more than 3 mont ...


08-02-2006

Resale Listings       The listing rate has remained relatively constant to this point.  Averaging a little over 500 new listings per week, the pace of new listings has slowed slightly since the last newsletter.  The total number of listings mid-July have excee ...


07-31-2006

House sales still cooling, from the Arizona Republic, reports that metro Phoenix continued its slowdown in new home sales in June, recording 4,842 new home building permits, down 26 percent from June 2005 levels. The information was from RL Brown's latest Phoenix Housing Market Letter. For the first ...


07-26-2006

Home sales fall again; price gains slow to crawl, from MSNBC.com, reports that sales of existing homes fell in June for the eighth tme in the past ten months while home prices edged up at the slowest pace in more than a decade-- more signs that the nation's housing market has slowed dramatically. Th ...


07-26-2006

Resale Sales Analysis     June ARMLS Reports reported sales of 7,207, which is a decrease of 351 from May.  On a seasonally adjusted basis sales were down 3,045 from June 2005.     Sales Patterns   There are several different factors that interact ...


07-21-2006

The first article, Mortgage rates hit four-year high, from MSNBC, reports that rates on 30-year mortgages rose this week to the highest levels since the spring of 2002. Freddie Mac reported Thursday that rates on a 30-year fixed-rate mortgage rose to a nationwide average of 6.80 percent, up from 6.7 ...


07-19-2006

Analysis of Latest ARMLS Reports       Resale Listings    The listing count reported in the June ARMLS Reports, which were released on July 14th, was 45,780—up 1,504 listings from May.  For the sixth month in a row this again sets a new record o ...


07-13-2006

The first article, June resale home sales fall to near 2000 levels , from the Phoenix Business Journal , reports that June resales fell to a six-year low with 5,460 recorded sales, according to the Arizona Real Estate Center at ASU. June's activity is down from the 6,870 sales recorded n May. So far ...


07-12-2006

New Listings Information       Since listings have grown to an unprecedented level and the rate of growth is continuing to be substantial, we have chosen to explore the listing situation further.  This article is intended to provide you a broader perspective on toda ...


06-30-2006

For the current average prices and percentage change from '05 for each ZIP, see this link.   Click Here ...


06-29-2006

The first article Arizona mirrors nation on high-wage jobs, from The Business Journal reports that the proportion of high-wage jobs in Arizona is nearly identical to the national average, according to a new analysis of federal employment data. About 15 percent of all jobs in the U.S. pay high wages, ...


06-28-2006

The first article Phoenix tops U.S. in home price appreciation from The Business Journal reports that Phoenix continues to have the highest home price appreciation across the country, according to the PMI U.S. Market Risk Index, released Tuesday.  Homes values in the Valley jumped by 31.1 perce ...


06-27-2006

The first article County gained 313 people a day since 2000, from the Arizona Republic reports that Maricopa County is home to 3.7 million people and has been growing an average of 313 people a day since the 2000 census.  Based on an $8.1 million survey, the figures released Monday by the Maric ...


06-21-2006

Analysis of Latest ARMLS Reports       Resale Listings       The listing count reported in the May ARMLS Reports, which were released on June 15th, was 44,276—up 3,813 listings from March.  For the fifth month in a row this again sets a ...


06-21-2006

The first article, Valley's pricey areas not in nations top 100, from the Arizona Republic, reports that when it comes to a list of the nation's most expensive zip codes, Paradise Valley's 85253 and Scottsdale's 85262 just don't measure up to the Hampton's in New York and the exclusive Rancho Santa ...


06-19-2006

The first article, How low will it go?, Home prices may dip 10% as fear grips Valley market, from the Arizona Republic, reports that some economists and housing analysts are saying that the housing market slowdown may continue for the next six months, possibly pulling down home values as much as 10 ...


06-13-2006

The article, Home prices too high in 71 cities, from the USA TODAY, reports that single family homes in 71 U.S. cities were extremely overvalued in the first quarter of 2006 and at risk of a price correction, according to a report prepared by National City Corp. and consulting firm Global Insight. M ...


06-13-2006

      The article, Survey indicates Phoenix job market will have robust summer, from the Arizona Republic, reports that hiring by Phoenix-area employers should outpace hiring nationally, according to a Manpower employer survey being released today. It found that 36 percent ...


06-12-2006

The first article, Valley resales plunge, from the Arizona Republic, reports that sales of existing homes in the Valley fell in May to the lowest levels since 2003, but prices held steady. There were 6,870 resales in the Valley in May, down 34 percent from the 10,425 that were recorded in May 2005. ...


06-08-2006

    The first article, Cooldown expected; economist differ over degree, from the Arizona Republic, reports that Arizona's economy is expected to cool down during the rest of the year and next, according to Arizona economists. However they disagree as tho the level of the slowdown. Univer ...


06-07-2006

  Resale Sales Price Analysis     The Median Price in the recently-released April ARMLS resale sales reports is $256,000 which is a $1,000 increase since the March reports.  The Average Price, however, showed a drop, from $330,800 to $329,800.  The graph below ...


06-06-2006

The first article, Builder expects 25-40% sales dip, from the Arizona Republic, reports that Engle Homes is the latest builder to announce sales are falling because of weakened demand and more buyers cancelling deals. The are expecting a 25-40% dip in second quarter sales from the same quarter last ...


06-05-2006

The article, High-end condos' low opening bids signal glut, from the Arizona Republic, reports that two pricey new condo developments have units that are being auctioned off at opening bids that are half of what the homes originally cost. Four condos in the Optima Biltmore Tower at 24th Street and C ...


06-03-2006

Watchers worry that Phoenix could face market bubble Phoenix could face same fate if high demand continues   Catherine Reagor BurroughThe Arizona RepublicOct. 20, 2004 12:00 AM     Many hot housing markets in the West have recently peaked and are now seeing sales slide with p ...


06-02-2006

  The first article, Realtor's seminar designed to help homeowners avoid 'bubble bath', from the Arizona Republic Scottsdale, reports on Scottsdale real estate broker Robert Long seminar titled "Understanding Bubbles and Busts", which talks about how homeowners can avoid a bubble b ...


05-30-2006

The first article, As home prices rise, so does buyer risk, from the USA TODAY, reports that several markets in the U.S. are facing a higher risk of home price declines according to a study released by PMI Mortgage Insurance. The key findings of the report state that the risk of price declines has i ...


05-25-2006

The article, Backlog of unsold homes in U.S. reaches record high, from the Arizona Republic, reports that the number of unsold homes remaining on the market at the end of April rose to the highest level on record, according to the U.S. Commerce Department, further evidence that the red-hot nati ...


05-19-2006

The first article, Bernanke: Housing headed for a safe landing, from MSNBC, reports that Fed Chairman Ben Bernanke stated that the nations housing market appears to be headed for a safe landing in a speech he delivered on banking in Chicago yesterday. "Our assessment at this point... is that th ...


05-15-2006

The first article, Resales taking a tumble, from the Arizona Republic, reports that home sales are plunging in metro Phoenix as record number of people decide to put their homes on the market. Through the first four months of 2006, the number of existing houses sold in the Valley is down 46 percent ...


05-06-2006

The first article, Scooch over, 5 mil to squeeze into state, from the Arizona Republic, reports that the Census Bureau released updated population numbers on Thursday that the state of Arizona will add nearly 5 million more people in the next 25 years and becoming the 10th largest state in the natio ...


05-06-2006

The first article, As home prices rise, so does buyer risk, from the USA TODAY, reports that several markets in the U.S. are facing a higher risk of home price declines according to a study released by PMI Mortgage Insurance. The key findings of the report state that the risk of price declines has i ...


05-04-2006

The first article, Arizona among top states for personal income growth, from the Phoenix Business Journal, reports that the West accounted for four of the top five states posting the most rapid growth in personal income in 2005, according to the latest issue of the Western Blue Chip Economic Outlook ...


05-03-2006

Resale Prices Hold Solid     The Median Price in the recently-released March ARMLS resale sales reports is $255,000 which is a $2,000 increase since the February reports.  The Average Price, however, showed a drop, from $335,700 to $330,800.  The graph below displays bot ...


04-28-2006

The first article, Valley home market continues cooling off trend, from the Phoenix Business Journal, reports that new home permits fell 24 percent in March 2006 from March 2005 numbers, according to the April issues of The Phoenix Housing Market Letter from RL Brown. For the first quarter of 2006, ...


04-21-2006

The first article, Mortgage rates head up, up, up, from the Arizona Republic, reports that mortgage rates hit their highest point in almost 4 years this week, a move that is expected to slow home sales even more. The average rate on a 30-year fixed rate loan hit 6.53 percent, up from 6.49 percent la ...


04-20-2006

  3rd Issue of April 2006     Area New Homes Market Status and Statistics & ...


04-17-2006

The first article, Housing blip a speed bump, not a slump, from the Phoenix Business Journal, reports that the region's housing market has gone from red hot to lukewarm in just a few quarters, but most housing experts see the current slowdown as a market correction and not a more serious slump. &quo ...


04-16-2006

  Resale Listings Continue to Climb     ARMLS compiles monthly data to release reports about the previous month’s activity on approximately the 15th of each month.  In this rapidly changing market, using the Arizona Regional Monthly Listing Service (ARMLS) Sal ...


04-14-2006

The article, Median resale housing prices still dropping, from the Arizona Republic Ahwatukee, reports that median resale housing prices fell in the Southeast Valley in March primarily due to the increased number of homes on the market. The main exception was Ahwatukee Foothills, where prices rose 6 ...


04-13-2006

The first article, Economists: 2005 a record year for jobs growth in state, from the Phoenix Business Journal, reports that employment growth in Arizona set a record in absolute numbers and, in percentage terms, was the strongest in a decade for the state and for greater Phoenix, according to econom ...


03-30-2006

The first article, Maricopa County movin' on up millionaire list, from the Arizona Republic, reports that Maricopa County ranks fourth in the United States in the number of millionaire households. It counts 106,210, or roughly 8.2 percent of all households, as having $1 million-plus in net worth. In ...


03-13-2006

  Resale Sales Analysis         Sales Patterns     In January 2006, resale sales fell for the fifth month in a row.  This fact is moderated, however, because a seasonal drop is normal for this time of year. Seasonally, the wint ...


03-06-2006

On Sunday, March 5th, the Arizona Republic released its semi-annual housing market recap with a complete section on our housing market called Valley Home Values,  Buy?  Sell?  Hold? . It contains eight articles about our real estate market and links to charts showing appreciation, med ...


02-16-2006

The first article, Housing prices in Valley up 47% in year, from the Arizona Republic, reports that a new study prepared by the National Association of Realtors (NAR) shows that the median price of an existing Valley home has shot up 47% since last summer, which was the highest increase in the natio ...


02-15-2006

Resale Listings Continue to Climb       Real-time Information     In mid-January, the December ARMLS Sales Reports showed December’s resale listings of 26,790. That was up from 25,223 in November, but what has happened since then?  These lis ...


01-18-2006

Analysis of ARMLS Reports for December 2005     Resale Listings      The December ARMLS Sales Reports were released this past Friday, the 13th.  For several weeks we have been predicting that the ARMLS reported December listings would reach 25,000.&nb ...


12-21-2005

The first article, Real Estate: Is the party over, from Fortune via CNN.com, reports on a study prepared by Moody's Economy.com and home property valuation company Fiserv CSW that looked at predicted home appreciation in the 100 largest metro areas of the country for 2006 and 2007. Nationally they p ...


12-14-2005

  The first article, Valley's market for resales relaxed in Nov., from the Arizona Republic, reports that the Metro Phoenix resale housing market slowed to a more sedate pace in November, with 7,195 resale homes sold. That is down from 9,525 in November 2004. The median price for a ...


11-01-2005

The article, The Next Real Estate Boom, from CNN.com, reports that in the coming 25 years, the biggest wave of development since World War II will turn America's major metro areas into giant "megapolitans" teeming with opportunity. They cite the Metro Phoenix to Tucson area as one of those ...


09-14-2005

The article, Economists: Population growth supports Valley home prices, from the Arizona Republic, reports that according to the latest Arizona Blue Chip Economic Forecast, the biggest factor supporting our housing market is a growing population brought about by an availability of local jobs. " ...


08-16-2005

The first article, Housing prices in Valley up 47% in year, from the Arizona Republic, reports that a new study prepared by the National Association of Realtors (NAR) shows that the median price of an existing Valley home has shot up 47% since last summer, which was the highest increase in the natio ...


08-10-2005

The first article, Home sales likely at or near peak in Valley, from the Arizona Republic, reports that Valley housing analysts say that our local homes sales are near or at a peak, but that any slowing should be less than what is expected nationally. Housing experts are calling for Valley home ...


07-26-2005

The first article, Existing home sales set record in June, from MSNBC, reports that sales of existing homes in the nation set a record in June with home prices shooting up at the fastest pace in nearly 25 years. The median price of an existing home in the U.S. rose to $219,000, a gain of 14.7% from ...


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