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: 11-17-2011

Positive signs for Valley housing market - The Valley housing market is showing signs of improving, according to numbers from Realtor.com.  The median list price for a home in the Phoenix-Mesa area in October was $157,675 - up more than 5% from September.  The number of homes listed for sale has dropped dramatically to 19,407 in October - down nearly 48% from October 2010.  Read article:




Gov’t Announces More Refinancing Program Details - Here are some more details about the changes coming to HARP:
• Borrowers must be current on their loan and have no delinquencies in the last six months.  A borrower can be 30 days late, however, on one payment in months seven to 12 of the past year.  Borrowers much have 20% or less of equity in their homes to participate.
• Loans must be owned or guaranteed by Fannie Mae or Freddie Mac before May 31, 2009. 
•The revamped HARP program will begin Dec. 1 and run until Dec. 31, 2013.
Read article:


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