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: 07-31-2006

House sales still cooling, from the Arizona Republic, reports that metro Phoenix continued its slowdown in new home sales in June, recording 4,842 new home building permits, down 26 percent from June 2005 levels. The information was from RL Brown's latest Phoenix Housing Market Letter. For the first half of 2006, new home permits are down 19 percent from the same period last year. Resales are down more than 25 percent, Brown reported, and there are a record number of homes for sale in the Valley. Real Estate analysts say 2004 is a better benchmark for tracking the housing market's health, versus 2005 where the market was frenzied by speculation, investors and a supply/demand imbalance. Rising Valley home prices and rising mortgage rates both are working to cool the Valley's housing market. Also, some people who signed contracts to purchase new homes are cancelling deals because they can't sell their existing home.

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