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: 01-08-2010

Phoenix Market Shows Signs of Life - A total of 8,544 new and resale houses and condos closed escrow in the combined Maricopa-Pinal counties metropolitan area in November, down 6.7% from October but up 62.0% from a year ago, according to DataQuick.  The month’s total was the highest number of November sales since 2006.  Gross residential sales volume has improved year-over-year for 11 consecutive months in the Phoenix MSA.  The volume of resale transactions, which excludes new home sales, continued a 17-month run of year-over-year increases in November as well.  Foreclosure resales accounted for 52.2% of all resale transactions, down slightly from a 53.7% share in October.  It’s the lowest share of total transactions since September 2008 when foreclosure resales accounted for 49.8% of all sales. Foreclosure resales peaked at 66.2% in March 2009.
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