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: 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 appreciably, 2006 was still the fourth best resale market year on record, falling between 2002 (62,625 sales) and 2003 (73,785 sales) numbers. The information was released by the Realty Studies Center at ASU. "The local resale housing market, since 1982, has been fairly stable, representing 7 percent of the single-family inventory, while the 2005 indicator stood at 11 percent," said Jay Butler. "The 2006 housing market stands at 6 percent of inventory, which is comparable to the housing markets of the mid 1990's."




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