Phoenix Market Update

Homeowners Financial Care Fund Changes Name As it Nears $1M Fundraising Goal

Hoping to reach more people, Phoenix nonprofit Homeowners Financial Care Fund has changed its name.

The group that pays mortgages or rent payments for people when a sick child prevents parents from working has dropped Homeowners Financial from its name and now goes by simply Care Fund.

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Supply Shortage in Phoenix Housing Market Finally Loosening – For Now

The chronic supply shortage that has had a stronghold on the metro Phoenix housing market this past year is finally loosening its grip and may return to a state of normalcy by year end, according to the latest Arizona State University report released Friday.

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Obama to Lay Out Plans to Aid Phoenix-Area Home Buyers

In an effort to expand home loans, especially to minorities and the newly re-employed, President Barack Obama is expected to announce in Phoenix today steps to cut government red tape for mortgage lenders and help more applicants qualify sooner.

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Chateau on Central in Phoenix Sells For $5.8 Million

chataeu houseThe Phoenix brownstone mansion project Chateau on Central has been a magnet of attention in its short life. It’s had its detractors, but now it has a major new homebuyer and potentially new momentum.

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Housing Reports

Here you can view the housing report of Phoenix for each month for the year 2013 as well as 2012.

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The Phoenix Miracle

phoenixNot long ago you’d look like a fool for buying real estate in Phoenix. Today, you’d be entitled to feel like a genius if you purchased devalued property back when every fourth home was in foreclosure.


How did one of the nation’s biggest real estate sinkholes become among the hottest real-estate markets? There are several answers. One, especially, might surprise you: Phoenix has developed a housing shortage, which is helping to drive up prices.


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Phoenix Area Home Sales, Interest Rates, and Prices All On The Rise

Despite the predictions of many who said a sudden spike in mortgage interest rates would dramatically decrease the demand for housing, home sales in the Phoenix area are not only still strong, they were actually higher during May and June of 2013 than they were during May and June of 2012!

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In Phoenix Real Estate, Zombies Start Waking Up

zombiesWhen the region’s housing market took a nosedive a few years ago, developers abandoned subdivisions that were only partially built. Estimates by the Sonoran Institute put the number of so-called zombie lots in Central Arizona at a staggering one million. Now, with the industry well into recovery mode, that empty land is starting to wake up.

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Metro Phoenix housing market’s turnaround creates new issues

0222-homesale_full_600More than 100,000 houses stood vacant across metro Phoenix barely three years ago — roughly one of every 10. Today, it’s more like one out of every 100.

Where have all the empty houses gone? Abandoned properties pockmarked virtually every neighborhood in the region in 2010, when the housing crisis peaked.

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Shortage of Homes to Sell in Metro Phoenix 3 to 1

housing market slows downThe Greater Phoenix housing market has been dominated by supply constraints for the last two years and it now looks as though this will continue for quite some time. The chronic shortage applies both to homes for purchase and homes for lease, though it is most severe for low priced homes i.e. under $200,000 for purchase. The most fundamental of the many drivers of the housing market is the balance between our population growth and the net number of homes added to the housing market supply.

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