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: 07-26-2006

Home sales fall again; price gains slow to crawl, from MSNBC.com, reports that sales of existing homes fell in June for the eighth tme in the past ten months while home prices edged up at the slowest pace in more than a decade-- more signs that the nation's housing market has slowed dramatically. The National Association of Realtors reported yesterday that sales of existing homes dropped 1.3 percent in June, while the median price was at $231,000, up only 0.9 percent from June 2005, the smallest year-over-year price gain since 1995. The Northeast part of the U.S. showed the biggest drop in sales, followed by the South. The West and Midwest showed no change in sales. The inventory of unsold homes rose to a new record of 3.725 million units, which is almost a 6.8 month supply at the June sales rate. NAR economist David Lereah believes that the decline in housing sales was beginning to level out, but that price weakness will continue as sellers start cutting their asking prices in the face of weaker demand and rising inventories. http://www.msnbc.msn.com/id/14025216/
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