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: 12-14-2012

Report: Surge in new-home sales signals rebound under way
According to a report by Arizona State University's W.P. Carey School of Business, 1,021 new single-family homes were sold in the Phoenix area during October, an 85 percent increase from the same month last year.  For the year, 7,399 new single-family homes have been sold, up 37 percent from the same period in 2011.  New home sales held 12% of residential property market share this October, up from 7% in 2011, the report said.  The rebound is also spurring residential property investors to buy land in the Valley.
Read article - East Valley Tribune




Mortgage Rates Continue to Fall
Fixed-rate mortgages sank down near their record lows last week , according to Freddie Mac's weekly mortgage market survey.  30-year fixed-rate mortgages: averaged 3.32%, with an average 0.7 point, dropping from last week's 3.34% average.  15-year fixed-rate mortgages: averaged 2.66%, with an average 0.6 point, dropping from last week's 2.67% average.
Read article - Realtor Magazine


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