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: 10-09-2012

Limited supply pushes Arizona home prices up
The latest numbers on home prices and home sales in Arizona suggest that more people are jumping into the market.  In the Phoenix metro area, the median price of single-family homes hit $150,000 in August - up 33.7% from a year earlier, according to a report by ASU's W.P. Carey School of Business.  Meanwhile, sales of new homes were up 55% and resales that didn't involve investor flips, short sales or foreclosures were up 81% from August 2011.  The overall supply of Phoenix homes in August was down 28% from August 2011.  The lack of supply results from fewer foreclosures and the small number of homeowners willing to sell caused by many waiting for prices to rise.
Read article - KTAR 


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