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Tuesday, April 3, 2012



Arizona housing on the mend: Why it's time to sell or buy
A year ago, the crowd at the courthouse was much smaller and so were the auction prices. Tom Ruff of AZBidders calls it classic supply and demand. "We've seen a big decline in distressed inventories," he says. "The start of last year we might have had 60,000 properties either in foreclosure or bank owned. Today we have approximately 23,000." In September of last year, he says we finally hit our bottom. At that time, the average home price per square foot was $79, or $94,800, for a 1,200 square foot home. As of this week, housing per square foot was approximately $91.00, adding $14,400 value to the same home over the past six months.
Read article - KTAR