Real Estate Market

Home Prices Rising in the Greater Phoenix Area

05/14/2012
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The graph above shows what has happened to the median price of single family detached homes sold in the Phoenix area over the past two years. The median price has gone from a low of $115,500 in July of 2011 to a high of $147,000 in April, 2012.

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Should You Buy a Home in 2012?

05/11/2012
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Below is a link to an article by CCN-Money about purchasing a home in 2012.  It basically discusses the national real estate market but it also has a few words about Phoenix.   Economists are expecting home prices to start rising by a small amount nationally this year.  In Phoenix this has already started happening...

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Home Prices Going Up In Phoenix Area

04/02/2012
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As we have been reporting, the inventory of homes in a lot of the Phoenix metro area is about half what it was last year.   The inventory of  foreclosure homes for sale is about a quarter of what it was a year ago.  This has caused competition among buyers and home prices are starting...

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Phoenix Number Two of ‘Turnaound Towns’ in Real Estate

02/16/2012
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REALTOR® Magazine just publish a list of the top six ‘Turnaround Towns’ in real estate. Phoenix is number to on the list. One factor they list is the improving employment situation in the Phoenix area. Another factor that we are seeing is a decline in inventory of homes for sale particularly foreclosure homes. This...

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Housing Market Moving Forward

01/20/2012
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Mike Orr was quoted in the Arizona Republic as saying that he believes the housing market in the Phoenix area hit bottom in September of 2011.  Mike Orr is the Director of the Center for Real Estate Theory and Practice for Arizona Statue University.    We are seeing multiple offer situations for many properties priced...

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Phoenix-area Housing Market Improving

01/09/2012
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Below is a link to a recent article in the Arizona Republic.  We agree that the housing market has changed.    There are about half as many homes for sale currently as there were a year ago.  I don’t agree with Brett Barry’s statement that he thinks there are still a lot of foreclosures to...

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Some Good Signs for the Real Estate Market

12/29/2011
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The article below is about the National Housing Market.  The good news is that this also holds true for the Great Phoenix area real estate market.  The inventory of existing homes for sale is about half of what it was a year ago. Some Good Signs for the Real Estate Market. TweetFacebookLinkedInTumblrStumbleDiggDelicious

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12 Most-Searched Housing Markets

11/03/2011
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Phoenix – Mesa, Arizona comes in at number 7 on Realtor.com’s most searched metro areas for September.  For more information, click on the link below.   12 Most-Searched Housing Markets. TweetFacebookLinkedInTumblrStumbleDiggDelicious

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Housing Affordability at Highest in 20 Years

08/25/2011
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Housing Affordability at Highest in 20 Years. TweetFacebookLinkedInTumblrStumbleDiggDelicious

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Phoenix area housing market gaining ground, new data show

07/08/2011
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Phoenix area housing market gaining ground, new data show. TweetFacebookLinkedInTumblrStumbleDiggDelicious

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