Pending Sales of Existing U.S. Homes Rose 5.2% in October - Bloomberg

Pending Sales of Existing U.S. Homes Rose 5.2% in October - Bloomberg

Where to See Holiday Lights in Phoenix?

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WSJ: Five Reasons Home Prices Have Been Rising

Home prices rose by 0.1% in September from the prior month and by 3.6% from one year ago, the largest such gain in six years, according to a report released Monday by Lender Processing Services.



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Time to Buy Your Kid a Condo | Realtor Magazine

Time to Buy Your Kid a Condo | Realtor Magazine

8 Markets Where Homes Are Selling the Fastest (Phoenix area is #7)

The median age of inventory of for-sale homes has dropped nearly 12 percent compared to year-ago levels, according to October housing data from Realtor.com.
With inventories shrinking nationwide and hovering at historic lows, homes are selling faster in many parts of the country.
“Lower inventories, combined with somewhat higher median list prices, suggest that the housing market ending the 2012 home-buying season is in better shape than it was a year ago,” according to a Realtor.com release.
California boasts the most number of housing markets seeing some of the lowest median age of inventory in October. In Oakland, Calif., the median age of inventory is the lowest in the country at 21 days, a 57 percent decrease over year ago levels.  Read more

8 Best Neighborhood Happy Hours: Best of Phoenix 2012

 

 We've spent the last year in the laboratory putting Phoenix under the microscope to reveal hundreds of specimens of the best culture, outdoor adventures, shopping, dining, and nightlife the city has to offer. And we're finally ready to publish our results.
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MSN Real Estate: Home prices to rise 15% in the next 3 years?

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Ariz. economy brightens across all areas

 

 

For the third consecutive month, initial jobless claims in Arizona fell in September, according to the U.S. Bureau of Labor Statistics.
The 18,024initial monthly jobless-claims total in September was the lowest of the year. The peak for 2012 was in April, when there were 29,208 initial jobless claims.  Read more

Where are Home Prices Headed?

 We are often asked where we think home prices are headed over the next year. Recently, several groups have stepped forward and given their projections as to what level of appreciation we can expect by the end of 2013. Here is what they said:  Read article

Measure of US home prices rise most in 6 years

"Home prices in Arizona jumped 18.7 percent in the past year, the most of any state."  Read more

11/9 - 12 11/9-12: Chiles & Chocolate Fest at Desert Botanical Garden

 A variety of food vendors will pass out samples of tasty sweet and spicy treats during the Chiles and Chocolate Festival at the Desert Botanical Garden Nov. 9-12, 2012, in Phoenix.  Read more

Home prices up 7.6% over last year

Sale prices for single-family homes rose in 120 of the 149 markets tracked by the National Association of Realtors in the third quarter, showing a 7.6% increase nationwide over the same period last year.  Read more

Inman News: Tight inventories, rising home prices complicate appraisals

Recent surveys by the National Association of Realtors found that about one in three Realtors have experienced contract problems related to home appraisals during the last three months.  Read article

AZ Central: Answers to market questions

Metro Phoenix housing analyst Mike Orr participated in a live chat on azcentral.com this week about the state of the residential market.
Orr, publisher of the Cromford Report and director of the Center for Real Estate Theory and Practice at Arizona State University's W.P. Carey School of Business, shared his views on prices, sales, appraisers and mortgage

Read more: http://www.azcentral.com/arizonarepublic/business/articles/2012/10/31/20121031answers-market-questions.html#ixzz2BBtoENEe