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: 03-22-2007

The article, Builders, homeowners square off over prices, from the East Valley Tribune, reports that in many parts of the Valley, homeowners are competing with builders for home sales, and the builder is winning. Some homeowners who bought at the peak of the market and who need to sell their existing home are facing competition from builders who have slashed prices and offered huge incentives. "You can't really compete," said Gilbert homeowner Raul Harris, who is the unfortunate bearer of two mortgages and is trying to sell his existing home in the East Valley Seville development, where builders are still active. Builders say homeowners aren't asking realistic prices, but many homeowners can't afford to drop prices to below what they bought the home for. Some are still hoping to get the prices their neighborhood got when they sold at the market's peak, said Shawn Stagg, an agent with HomeSmart. "They're just being crushed by home builders," he said.



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