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: 09-06-2006

The first article, Arizona ranks No. 2 for job growth, from the Phoenix Business Journal, reports that Arizona held the No. 2 spot for job growth among states in July behind Nevada, according to the most recent Blue Chip Job Growth Update released Tuesday. Arizona had 2.58 million jobs as of July 2006, up from 2.47 million in July of 2005. That's a 4.75 percent increase, much higher than the national average of 1.3 percent. Arizona ranked No. 1 in two job categories; trade with a 5.37 percent gain and hospitality with a 5.82 percent increase. Good news for our future real estate market-- as long as we have population and job growth our real estate market will be strong.




The second article, Growth of home prices across nation takes steep plunge, from the Arizona Republic, reports that price growth for homes slowed during the second quarter from a year earlier in the sharpest three month plunge on record. Prices for single-family homes nationally rose an average of 1.17 percent during the period, compared with 3.65 percent growth in the second quarter of 2005, according to a report issued by the Office of Federal Housing Enterprise in Washington, D.C. The drop was the largest since the agency began keeping records in 1975. The median price of a Valley resale was $265,000 in July, $10,000 higher than July's 2005 figure but a $2,000 dip from June 2006.



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