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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