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: 04-17-2013

Phoenix Among 7 Housing Markets That Are Roaring Back
The latest FNC Residential Price Index recorded a 28-month high for home prices in February (the most recent data available).  The index increased 6.1% - the fastest rate it's grown since July 2006.  Phoenix ranked #1 on the list with a year-over-year price gain of 29.3%.
Read article - Realtor Magazine


Home Owners Finding Gaps in Insurance Coverage
Homeowner's insurance rates have risen 69% over the past decade and now averages $1,000 a year.  However, coverage hasn't increased with the rates.  In fact, some insurance companies have added new restrictions or increased deductibles.  Coverage most often falls short in covering flood damage and wind damage.  Another area where policies fall short in coverage, according to experts, is covering water damage, such as from a cracked pipe, leaky toilet, or clogged drain.
Read article - Realtor Magazine


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