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: 06-12-2013

Metro Phoenix home-sale prices up 60% from market low Metro Phoenix's median home-sales price climbed to $181,399, an almost 60% increase from the real estate crash's low price in August 2011. The main reason for higher home sales prices is the chronic shortage of available houses for sale in the Phoenix area, said analyst Mike Orr. His forecast is for metro Phoenix home sales prices to continue to climb in coming months, but at a slower pace. Read article - azcentral.com Why Some Buyers Are Feeling Like They Missed Out With mortgage rates and home prices are on the rise, some home buyers who were waiting around for the housing market to reach bottom are realizing now they may have missed the boat. Mortgage rates are inching up, with the 30-year fixed-rate mortgage averaging 3.91% last week - up from 3.3% in early May. "It's unlikely that rates will ever be that low again," says Doug Duncan, Fannie Mae's chief economist. Read article - Realtor Magazine
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