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: 09-05-2006

The first article, Arizona job gains likely to continue, from the Arizona Republic, reports that Arizona will continue to add jobs at a healthy clip through 2007 but not at the fast pace seen in 2005. Arizona economist at the Department of Economic Security see a 4.9 percent job growth rate in 2006 and 4 percent in 2007. That's down from the 5.3 percent job growth rate seen in 2005. The slowdown will be due to the housing market slowdown. But even at 4.9 percent, it will be much higher than the national average. The Department of Economic Security report said that out of Arizona's 11 major industry groups, 10 should grow jobs this year and next. The Arizona Business Conditions Index also rose to 60.5 in August from 54.4 in July. A reading above 50 indicates growth.




The second article, Study: Phoenix top relocation destination, from the Arizona Republic, reports that The Retirement Solutions Foundation, a group run by personal-finance author Jane White, ranked Phoenix number 1 in a new study of best relocation destinations. The report looked at several factors such as local economic strength, employment, housing affordability and attractions that make a city enjoyable. "Affordable real estate attracts workers, especially from obscenely overpriced California," the study says of Phoenix. "The region also has an unusually large number of organizations devoted to helping small businesses." Also, the report noted high rankings for the Valley from Inc. and Entrepreneur magazines and the Milkin Institute.



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