A lot has been happening recently in Arizona real estate news! How will these things affect real estate in your area?
With the New Year, many people are wondering how the housing market will shape up for 2015. After a drop of nearly 5% on home prices last year, real estate prices are finally making a comeback. This and some other new development have us at The MoJo Team – Scottsdale Realtors optimistic about this year’s […]
Data from the end of 2011 suggest that a housing-market recovery has begun in metro Phoenix. The upswing in the market will surprise many because it comes less than five months after the region’s existing-home prices fell to their lowest level since 1999. But even at last year’s low point in August, when the median […]
The Phoenix-area housing market is still stuck in the mud, but at least it’s no longer sinking in quicksand. That was the reaction of two local housing analysts to the latest S&P/Case-Shiller report on home prices in the nation’s 20 largest metro areas. The quarterly report, released Tuesday, said home prices double-dipped throughout much of […]
Home prices across the country were flat in July but not in Arizona, where values continue to decline. According to the monthly CoreLogic Home Price Index, prices in the U.S. remained flat in July as transaction volumes declined. It was the first time in five months that no year-over-year gains were reported. When excluding distressed […]
The housing resale market in metropolitan Phoenix continued to improve in April but foreclosures remained a trouble spot. There were 6,765 resales of detached single-family homes in the month, up nearly 2 percent from 6,640 in April 2009, according to the monthly Realty Studies report from Arizona State University. The gain was a fraction of […]