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: 10-05-2012

Construction employment in Phoenix hits 4-year high
Metro Phoenix's construction industry reached a milestone in August.  Adding the third-highest number of new jobs of any metropolitan area in the nation, the region pushed the size of its local workforce to a four-year high.  The Valley recorded 90,800 construction workers in August - an increase of 7%, or 6,300 jobs, from the same month last year.  Only Los Angeles and Houston brought on more workers than Phoenix.
Read article - Phoenix Business Journal




Investors Clear Backlogs, Snap Up Single-Family Rentals
The Blackstone Group has become the largest investor in the U.S. of single-family rental homes, spending more than $1 billion so far this year. The private-equity firm has purchased more than 6,500 foreclosed homes this year in eight metro areas.   Investors have been taking advantage of lower home prices over the last few years by snapping up foreclosed properties at big discounts and turning them into rentals. Private-equity firms and other investors have raised an estimated $6 billion to $8 billion in purchasing single-family rentals. 
Read article - Realtor Magazine


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