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: 03-07-2007

The first article, Phoenix home prices drop, but freefall unlikely, from the Arizona Republic, reports that metropolitan Phoenix home prices have dropped in the past year, but economists say not to expect a freefall in Arizona's housing prices. According to the latest issue of the Arizona Blue Chip Economic Forecast, "worries about a bursting housing bubble have not become reality." It cites information from the Office of Federal Housing Enterprise Oversight that shows Arizona home prices were up 10 percent during the fourth quarter of 2006 compared with the fourth quarter of 2005. Helping Arizona home prices are cities like Yuma, Prescott and Flagstaff, which posted double-digit gains in 2006. The Valley's home prices climbed 3 percent during that same period. Nationally, home prices were up 6 percent. Metro Phoenix led the nation for home price gains in 2005 with an almost 50 percent jump, according to the federal housing agency. The Valley median resale home price fell about 5 percent last year. 



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