The article, Fewer Phoenix-area homeowners are underwater, from the Arizona Republic, reports that steady home-price increases in 2012 and 2013 have cut the number of underwater homeowners in the Valley by two-thirds, according to the latest data from Zillow, the real-estate database company. In late 2011, as prices hit bottom in the real-estate crash, more than 60 percent of the Valley's homeowners with a mortgage owed more on their loans than their houses were worth. A year ago, the underwater count fell to about 40 percent of homeowners. Now, the number is 22 percent. According to Zillow, ZIP codes in central Phoenix, north Phoenix and Peoria, along with suburban enclaves in the southeast Valley, generally have between 10 and 19.9 percent of their homeowners underwater. Broad areas in the West Valley, including many ZIP codes south of Interstate 10, still have 30 to 39 percent of homeowners underwater. But the West Valley is now drawing more homebuyers and economic growth, and the area's negative-equity problem is expected to continue to improve in 2014. Metro Phoenix is faring better than other areas hit hard by the housing bust, including Las Vegas and Atlanta. In both cities, 35 percent of homeowners are underwater. Nationally, the negative-equity rate for homeowners is 19.4 percent but is expected to fall to about 17 percent by the end of 2014. Zillow Chief Economist Stan Humphries said the Valley's negative-equity rate could fall to 20 percent by the end of this year.
Homes for Sale: The Celtic Connection Team at Solutions Real Estate has a website featuring homes specifically in Maricopa Arizona. The website can be viewed at Maricopa Homes and features Maricopa Arizona homes for sale, Maricopa Arizona real estate, a search for Maricopa Arizona bank owned or foreclosures, Maricopa Arizona Golf Course Homes, and Maricopa Arizona Swimming Pool Homes. There is also a page that provides a real time update showing Maricopa Arizona properties that have been newly listed or had price changes. For Free Market Analysis, give us a call at (480) 987-9322 or email: edandcelia@msn.com . Provide us your home address and contact information.
The city of Maricopa, AZ, is located south of the Phoenix Metro area in a natural-scenic community, offering views of the popular Superstition Mountains to the northeast and the San Tan Mountains to the east. Enjoy rural charm without sacrificing the vibrant cultural life, shopping and economic opportunity of big-city living. This family-friendly community is home to several farms, and historical sites. Maricopa is only a short drive to the Phoenix Performing Arts Center that offers the best in local and touring dance and theatre companies. The city is experiencing an exciting period of measured growth, with many new facilities in the works including several well-known anchor stores and more being planned. The Maricopa Library, a new branch of the Maricopa County Library District, is also on the drawing board. Maricopa Arizona is Southwest of Ahwatukee off 10 Fwy.
Pinal County was formed from portions of Maricopa and Pima counties on Feb. 1, 1875, in response to the petition of residents of the upper Gila River Valley, as "Act #1" of the Eighth Territorial Legislature. Florence, established in 1866, was designated and has remained the county seat.
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