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	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: 09-09-2013

How Mom and Dad Can Gift a Piece of the House For tax purposes
, the IRS considers a gift of equity the same as a cash gift, subject to maximum allowable annual tax-exemption limits. That amounts to $14,000 a person in 2013. However, each parent can give $14,000 to both a husband and wife, for a nontaxable sum of $56,000. These annual gifts are not counted toward the parents' lifetime federal estate-tax exemption. Parents who want to give more than the $56,000 allowed under the annual gift-tax exemption may prefer to claim the gift under the lifetime estate-tax exemption instead. Read article - Yahoo! Finance