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 ...
Click Here for All Articles
From Date       To Date

News Article From: 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 roughly 48,000 two or three months ago, said Robert Rucker, CEO of the Arizona Regional MLS. "I think it's good to see the inventory levels dropping even if it's just 3,000 or 4,000," he said. Rucker said he expects to see inventory levels continue to drop to more normal levels in the coming months. Historically, the Valley has averaged 30,000 to 35,000 home listings at any given time, he said. Look for this trend to continue as builders and home sellers reduce prices to move the excess inventory.
Invest With Leonid © 2007
A CompuGor Website