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 ...
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 ...
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 ...
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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News Article From: 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 new homes. This is the first dip in the number of listings since March. Other good news--- sales topped out at 5,468, an increase of 40 from last September. "It only went down a little, but it went down," said Mike Chasse, a senior home builder advisor with Scottsdale-based Land Advisors Organization. "I've been antsy for two weeks (for the MLS monthly update) because I was seeing signs the market was balancing out," he said. Calling it a "milestone", Chasse said "I hope it stays and keeps coming down... we may be looking back at this moment as this being the floor of the market". A balanced home-sale market, he said, would be in the 33,000 listings range. Chasse predicted "we could experience a little bounce by mid-year."



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