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: 11-30-2011

New stats indicate Arizona's housing market may have hit bottom - There are indications that the state's housing market may finally have hit bottom.  A few of the state's metro areas moved into the positive range in the last quarter in terms of average home values.  Marshall Vest, economist at the Eller College of Management at the University of Arizona points to the increase for the metro Phoenix area which includes both Maricopa and Pinal counties.  While small - just 2.2% over the prior quarter - he said it bucks what has been a multi-year trend of declines.  Read article:




New-Home Sales Post Biggest Gains in Months - New-home sales for single-family homes rose 1.3% in October, marking the best pace for new-home sales activity since this May, the U.S. Commerce Department reports.  A break down of sales by region in October: 1) Midwest: Rose 22.2%; 2) West: Rose 14.9%; 3) Northeast: Stayed flat; and 4) South: Declined 9.5%.  "Particularly encouraging is the fact that builders continue to hold down their inventories to match the current sales rate, with the number of new homes for sale now down to a sustainable, 6.3-month supply," NAHB Chief Economist David Crowe said in a statement.  Read article:


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