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: 02-08-2013

Phoenix-area home prices rose 34 percent in 2012
This article examines a year-end report released Thursday by Arizona State University's W.P. Carey School of Business.  In 2012, median home prices were up by almost 34% and foreclosures plunged by a staggering 51%.  In addition, cash investors who have been causing a throbbing headache for traditional buyers are apparently showing less interest in the market.  Despite an encouraging 13% rise in supply during Q4, the number of existing homes listed on the Arizona Regional MLS (not under contract) on Jan. 1 dropped again by 6.5% month-over-month to 12,623 total listings.
Read article - Phoenix Business Journal




Owning a Rental Property Is 'Sweet Spot' in Market
Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.  Demand for rental housing is expected to remain strong.  "In this market, at this point, it's a sweet spot," says Chris Princis, a senior executive at financial advisory firm Brook-Hollow Financial and owner of two rental properties in Chicago.  "You're getting the market where it's just starting to rebound, but still at the bottom, with what's looking to be a great recovery."
Read article - FoxNews.com


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