News Article From: 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 crash, more than 40% of metro Phoenix homeowners were underwater.
Read article - azcentral.com
New-Home Sales Surge to 6-Year High
Sales of new single-family homes soared 18% in August, as greater confidence in the recovery swept across the housing industry. New-home sales in August reached a seasonally adjusted annual rate of 504,000 units, the highest level since May 2008, according to data released Wednesday by the Commerce Department. It also marked the second consecutive month of new-home sales gains.
Read article - Realtor Magazine