Phoenix-area home prices headed upward
Home prices are climbing in metro Phoenix faster than they have since the housing boom. Some parts of the region experienced home-value increases of 5 to 10 percent a month this year because of a shortage of homes for sale that is sparking bidding wars between investors and regular buyers armed with pre-approvals for mortgages. This emerging recovery of home prices in the Phoenix area started late last year and has been building each month.
Read article - azcentral.com
Expectations rising for housing market's spring season
The spring home-selling season could be the strongest in years and may foreshadow which markets will lead the housing industry in recovery, economists say. While last year was dismal for existing home sales, this year is looking better. Existing home sales in February were up 9% from the same time a year ago, as was the Pending Home Sale Index, which reflects signed contracts leading to sales, says the National Association of Realtors. Meanwhile, Realtors' confidence in the single-family home market is the highest in four years.
Read article - USAToday
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment