Core logic has just released it's Feb. 2011 data on housing prices and while the numbers show Arizona home prices fell again, it is good news for all...I think. You see, things always get worse before they get better and this is a great opportunity for buyers and investors alike to take advantage of the undervaled market and super interest rates. Supply is high and the demand is really being fueled by investors, who account for nearly half of all transactions. Hope you enjoy the data and you can always use the free search on my website to look for Lender owned homes, HID huomes, Short sales homes and by any other criteria you choose. The Lifestyle search is easy to use and savable so you can come back againa and again at your leisure. See some lisitngs where Arizona home prices fell and want to take advantage? Contact Andrew Texidor of Team Texidor for personal and professional service NOW in the West Valley or one of Team Texidor area specialists in other parts of town by visiting our website and blog to stay atop of the real estate market at http://teamtexidor.com and http://teamtexidorsellsarizona.com
CoreLogic: Arizona home prices fell 12% in February
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CoreLogic:
Phoenix led the nation in 12-month home price declines in February, according to a new report from CoreLogic.
CoreLogic reported Thursday the Phoenix area's home prices for February fell 11.2 percent compared with February 2010. That was the largest decline among the 10 largest metro areas in the country.
Excluding distressed sales, year-over-year prices in Phoenix fell by 5.1 percent in February compared to the year-ago month.
Arizona's home prices fell 12 percent in February. Excluding distressed sales, prices fell 5.4 percent, according to CoreLogic.
Nationally, home prices dropped 6.7 percent in February — the seventh month in a row of decline.
The five states with the highest appreciation were West Virginia (5.4 percent), New York (4.7 percent), North Dakota (4.1 percent), Maine (3.6 percent) and Alaska (1.2 percent).
The five states with the greatest depreciation were Idaho (-14.6 percent), Arizona (-12.0 percent), Florida (-11.2 percent), Michigan (-11.1 percent) and Illinois (-11.1 percent).
Santa Ana, Calif.-based CoreLogic (NYSE: CLGX) provides consumer, financial and property information, analytics and services to business and government.
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CoreLogic: Arizona home prices fell 12% in February | Phoenix Business Journal Arizona home prices fell 12% in February | Phoenix Business Journal
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