The average home prices in the United States have increased dramatically in the past 12 months. Some areas, like Phoenix and Scottsdale, are seeing prices skyrocket. The increases are due to an increase of sales and a tight supply of homes that are available. According to Standard & Poor’s/Case Shiller 20-city home price index, the […]
Phoenix is One of the Youngest Housing Cities in the USA
Over a million Phoenix area homes were built since 2000, which means that Phoenix is the ninth youngest housing city in the nation. According to new research, 28 percent of the Phoenix area housing was built between 2000 and 2011. This 28% is a huge number compared to the average of 15.8% in the 109 […]
Over 20% of Phoenix Residents Moved Last Year
Over 21% of Phoenix residents moved during 2011. Wow – stop and think about that for a moment. One in 5 people in Phoenix are living in a different home in 2012 than they were in 2011. Phoenix has among the lowest residential stability rates among major cities in the US. Only Austin and Las […]
Home Prices Rise Nationwide As Phoenix Leads The Charge
Rising home prices are an important indicator that the housing market is recovering. Since July, the U.S. has seen home prices rise, mortgage and foreclosure rates fall and increased optimism and confidence in homeowners, home buyers, and home builders. Home prices nationwide rose 1.2 percent in July over the same time period last year. Reports […]
Scottsdale and Phoenix Leads The U.S. In July Home Price Increase
According to the Standard & Poor’s Case Shiller index, home prices across the nation were up 1.2 percent in July. This study is based on half of the homes in the U.S. It measures home prices compared with those in January 2000 and creates a three-month moving average. The rise in July is the second […]