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: 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 5.5 percent of all sales. In mid 2005, almost 14 percent of all houses sold across the metro Phoenix area went to someone from California, according to data firm Information Market. Many of the California buyers in 2005 were investors who were looking to make a killing on our frenzied market. In the middle of 2005, when Phoenix area home prices had risen nearly 50 percent in a year, almost 25 percent of all homes selling were to out-of-state investors. While home sales are down, out-of-state investors are still buying. The article states that they are now coming from Texas, Nevada, overseas and of course, still from California.   
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