From Date       To Date

New stats indicate Arizona's housing market may have hit bottom - There are indications that the state's housing market may finally have hit bottom.  A few of the state's metro areas moved into the positive range in the last quarter in terms of average home values.  Marshall Vest, economist at the Eller College of Management at the University of Arizona points to the increase for the metro Phoenix area which includes both Maricopa and Pinal counties.  While small - just 2.2% over the prior quarter - he said it bucks what has been a multi-year trend of declines.  Read article:
http://www.eastvalleytribune.com/arizona/article_b2a648ae-1ac1-11e1-bdc3-001cc4c002e0.html

New-Home Sales Post Biggest Gains in Months - New-home sales for single-family homes rose 1.3% in October, marking the best pace for new-home sales activity since this May, the U.S. Commerce Department reports.  A break down of sales by region in October: 1) Midwest: Rose 22.2%; 2) West: Rose 14.9%; 3) Northeast: Stayed flat; and 4) South: Declined 9.5%.  "Particularly encouraging is the fact that builders continue to hold down their inventories to match the current sales rate, with the number of new homes for sale now down to a sustainable, 6.3-month supply," NAHB Chief Economist David Crowe said in a statement.  Read article:
http://realtormag.realtor.org/daily-news/2011/11/29/new-home-sales-post-biggest-gains-in-months