News Article From: 01-15-2009
Where U.S. Home Sales Are Rising, an article from Yahoo! Finance, reports that motivated sellers in these cities are fueling deals and hastening recoveries. Phoenix tied for 5th on the list of America's Best Cities for Home Sales. "There's a pretty active housing market, it's simply at a lower-priced inventory," said Michael Feder, chief executive of Radar Logic. "And there are now bidding wars taking place over homes in foreclosure." Transactions in Phoenix are up 10% and buyers are starting to compete for available deals.