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: 12-21-2010

Positive indicators for metro Phoenix's housing market - "The sharp relapse (of home prices) fueled by the end of the tax credit is now over," said Housing analyst Mike Orr, publisher of the Cromford Report.  "I expect a long, slow recovery in 2011."  There are positive indicators for metro Phoenix's housing market.  Investors continue to buy many of the region's foreclosure homes, keeping the supply of lower-priced houses from growing.  The job market is slowly improving, and although mortgage rates remain low.  Pending sales show home prices ticking up slightly in January.  The Arizona Regional MLS's figures forecast the Valley's median home price climbing from $115,000 this month to $118,000 in January.  Foreclosures are expected to level off and even drop next summer if the job market continues to improve, more loan modifications and short sales are successful.  Read article:
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