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: 11-27-2012

Phoenix leads as home prices rise in most cities across the nation
Standard & Poor's/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3% in September compared with the same month last year.  Across the nation, prices increased in 18 of 20 cities over the 12-month period.  In Phoenix, prices jumped 20.4% over that stretch to lead all cities.  Steady increases in home prices have helped drive a modest recovery in the housing market.  Rising prices encourage more potential buyers to come off the sidelines and purchase homes.  And more people may put their homes on the market as they gain confidence that they can sell at a good price.  Higher home prices can also make homeowners feel wealthier and more likely to spend more.
Read article - East Valley Tribune


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