ARCHIVED BLOG POSTS
2008
USA TODAY reports that as home sales and prices drop across much of the USA, many potential buyers remain scared to jump into the market, and sellers are resorting to slash-and-burn prices. The national median price sank to $195,900 in February, down from $213,500 in February 2007. Foreclosures a...
04/22/2008
1
Comments
According to reports from MSNBC.com, as a result of the housing supply and demand imbalance, median rental prices in Phoenix fell this year to $939 per month, down about nine percent from $1,035 in 2007. Mark Forrester, a partner with Hendricks & Partners in Phoenix, says that the rental market i...
04/22/2008
The Arizona Republic reports that owners of about 1,000 homes in Sun City Grand, one of Surprise's most affluent retirement communities, are seeking legal action against developer Pulte Homes to correct alleged construction defects. The sheer number of participants puts this among the largest suc...
04/22/2008
2
Comments
A recent article from the Business Journal of Phoenix reports that Arizona ranks fourth among all states in the rate of home foreclosures, according to new research from Realty Trac. Nearly 9,200 homes in Arizona were touched by foreclosure proceedings in March, an average of one in every 283 hou...
04/22/2008
The Arizona Republic reports that home prices continue to slump in Scottsdale but Realtors are encouraged by a decline in inventory and a pickup in pending sales. In the northeast Valley, there has been nearly a 50 percent increase in pending sales since January. As of early April, there were 2,...
04/22/2008
Construction of U.S. homes fell to a 17-year low in March, according to CNNMoney.com, which is a much steeper than expected drop, according to a government report released Wednesday. Privately-owned housing fell to a seasonally adjusted 947,000 annual rate in March, according to the Commerce Depa...
04/22/2008