homes for sale in phoenix a: Phoenix Area new-home sales down double digits from 2013
- 08/20/14 09:24 AM
The new home market is mirroring the resale market this year with housing permits down 15.6 percent in the Phoenix metro area compared with a year ago, according to new data from RL Brown Housing Reports. Permits to home builders were down 14 percent from June to July, and new-home sales for the year to date were off 10.5 percent.
The reasons being used for the slow housing market limited population and job growth, combined with tighter mortgage lending and lingering poor consumer credit, all conspire against home sales in the Valley. The two biggest mortgage factors affecting … (1 comments)
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homes for sale in phoenix a: Phoenix Area Market Update
- 06/26/14 06:22 AM
Nationally homes prices appreciated 13 percent while in Phoenix, Arizona they were up, but at a considerably lower rate of 6 percent. That compares to 28 percent last May.
RealtyTrac Vice President Daren Blomquist says while it may not sound like it, that’s actually good news for most Phoenix residents, because the higher rate is not sustainable. The lower appreciation rate will mean the certain Sellers will have to wait longer to regain equity in their homes. However, an alternative to selling your home would be to rent it out so that you can move on if you lifestyle or family … (0 comments)
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