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: 06-13-2006

The article, Home prices too high in 71 cities, from the USA TODAY, reports that single family homes in 71 U.S. cities were extremely overvalued in the first quarter of 2006 and at risk of a price correction, according to a report prepared by National City Corp. and consulting firm Global Insight. Many of these cities were in California and Florida. The over-valued rating is based on where home prices should be by looking at factors in addition to price and interest rates, including employment, population density and historical premiums and discounts in cities over time. Naples, Fla., Salinas, Calif. and Port St. Lucie-Fort Pierce, Fla. were the three most over-valued cities. Overall, 17 of the most overvalued markets were in California and Florida. The article gives a link to show all 317 cities in the study. Phoenix showed an average price of $243,000, and was 42.9% overvalued according to the study.





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