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: 08-17-2006

       Housing downturn will hurt, from the Arizona Republic, reports on the Republic's Jon Talon's perspective on our current housing slowdown. He states that Metropolitan Phoenix, more dependant on the housing industry than any other major city, is facing its greatest immediate challenge in at least 16 years as the real estate boom ends. He suggests that winners during this slowdown will be well capitalized developers, such as DMB, who have the patience to wait for a market upturn that may not come before the end of 2007, bottom feeders who will swoop in once prices fall and pick up some properties for a song, pre-leased projects, and homeowners who have savings and no immediate need to sell their properties. Talon sees the losers as the job market, big projects that are not yet out of the ground, people with lots of debt and "creative" mortgages, investors and ordinary homeowners who were counting on the continuation of the rise in home prices, speculators in condos, second homes and huge houses, and businesses that count on the housing market such as Home Depot.



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