06-01-2016
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 ...
09-26-2014
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 ...
09-05-2014
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 ...
08-25-2014
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: 01-18-2012



Is housing glut over? Experts predict housing shortage by spring - Real estate experts predict the Valley’s years-long housing glut is reaching its end and, as early as this spring, could stun home buyers by transforming into a shortage.  The crunch is expected to be more pronounced in the East Valley, where some subdivisions are approaching build-out and other builders are raising prices.  About 58,000 homes were on the market by late 2007.  The long-term average is about 33,000 homes listed at any given time.  That’s down to 25,000 now or 19,000 when accounting for homes that have deals pending.  Read article:
http://www.eastvalleytribune.com/local/mesa/article_b7ed8380-4164-11e1-9ac3-0019bb2963f4.html

 

 

 

Optimism Builds in Housing Market - Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode.  Housing experts’ predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years for the housing market.  Existing home sales are expected to increase 12% this year, following a 2% jump last year, Moody’s Analytics predicts.  Read article:
http://realtormag.realtor.org/daily-news/2012/01/17/optimism-builds-in-housing-market

 

 

 

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