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: 11-05-2009

Unseasonably high home sales in October linked to tax rebate - A last-minute rush to cash in on the federal government's tax-rebate program for first-time homebuyers probably kept Valley home sales unseasonably high in October.  Based on preliminary figures from Mesa-based Ion Data, sales of condominiums and detached single-family homes increased slightly to 8,275, up from 8,219 in September.  Meanwhile, foreclosures decreased slightly to an estimated 7,082 homes, compared with 7,563 homes foreclosed on the previous month.  The majority of sales have been in the lower price range, between $100,000 and $150,000, though it's becoming a bit more common to see deals close on homes well above that range.
Senate expands homebuyer tax credit, extends jobless benefits - Yesterday, the Senate voted 98-0 to extend and expand the tax credit to include buyers who already own homes.  The House is expected to vote on the bill today.  Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500.  First-time homebuyers — or anyone who hasn't owned a home in the last three years — would still get up to $8,000.  To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
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