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: 08-14-2006

The third article, Home buyers reluctant about taking the plunge, from the East Valley Tribune, reports that home buyers have the upper hand in the Valley's real estate market, but industry watchers say most are reluctant to jump in and are instead waiting to see when values will bottom out. Put simply, buyers are scared. " There's a lot of negative information coming at them about the bubble bursting and the market falling," said Jan Montgomery, owner of Canyon Shadows Realty in Mesa. "Everything is all negative and they're taking that on themselves, thinking 'Maybe I shouldn't do anything. I should just wait until it settles.'" In the past few months, home builders and home sellers  are finally starting to realize that their asking prices are too high and are cutting them. Listings are up considerably and prices have reached the tipping point in some sensitive areas, mostly on the outskirts. But housing analysts say now id the best time to buy a new home in the last two years with the large discounts that builders are giving. But resellers are facing a tougher time. According to local housing analyst RL Brown, "the best advice you can give to the seller of a resale home is now is the worst time you could sell unless you have to." "I don't think we're there yet in the resale market. We've got a lot of overpriced properties out there."
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