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: 12-14-2012



Report: Surge in new-home sales signals rebound under way
According to a report by Arizona State University's W.P. Carey School of Business, 1,021 new single-family homes were sold in the Phoenix area during October, an 85 percent increase from the same month last year.  For the year, 7,399 new single-family homes have been sold, up 37 percent from the same period in 2011.  New home sales held 12% of residential property market share this October, up from 7% in 2011, the report said.  The rebound is also spurring residential property investors to buy land in the Valley.
Read article - East Valley Tribune

 

 

 

Mortgage Rates Continue to Fall
Fixed-rate mortgages sank down near their record lows last week , according to Freddie Mac's weekly mortgage market survey.  30-year fixed-rate mortgages: averaged 3.32%, with an average 0.7 point, dropping from last week's 3.34% average.  15-year fixed-rate mortgages: averaged 2.66%, with an average 0.6 point, dropping from last week's 2.67% average.
Read article - Realtor Magazine

 

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