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: 08-21-2006

     Home buyers, sellers playing 'game of chicken', from the Arizona Republic Scottsdale, reports that Scottsdale Realtor Karl Stauffer describes the local real estate market as a "game of chicken going on between buyers and sellers". Buyers are waiting for the market to correct while some sellers hold out for the kind of prices that their neighbors got at the height of the housing frenzy last year, said Stauffer, Scottsdale Area Association of Realtors treasurer and branch manager for Diamond GMAC Real Estate. "They are both waiting to see who blinks first," said Stauffer. Stauffer urges buyers to advance the market correction by making an offer on a home. The Northeast Valley area had 5,508 homes listed for sale as of Aug 11, up from 2,172 a year earlier, an increase of 159 percent. Realtors say they see signs that the market is leveling off and sales are picking up.



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