Housing indicators hit reverse - It could be the heat or the economy, but August wasn't a great month for metro Phoenix's housing market. After a few months of record sales, small price increases and drops in foreclosures, many of those key market indicators reversed their course last month. There were 5,105 notices of trustee sales filed in Maricopa County last month, compared with 4,015 in July, according to the Information Market. An early tally put the region's median at $113,000, lower than the $115,000 it has hovered around for most of this year. Read article:
http://www.azcentral.com/arizonarepublic/business/articles/2011/09/07/20110907housing-catherine.html
A Sweet Spot in Real Estate - The rental market is continuing to heat up and can offer the potential for big returns for buyers willing to jump into the landlord role. For investors looking to take advantage of low record-reaching mortgage rates and big discounts on home prices, the opportunities are plenty. Rents are rising and demand is up too, partially due to the 4 million former home owners who’ve faced a foreclosure and are now renters. Read article:
http://realtormag.realtor.org/daily-news/2011/09/07/sweet-spot-in-real-estate
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