Monday, December 9 2013 10:47 AM EST2013-12-09 15:47:29 GMT
Troopers are working a scene of a fatal accident involving a school bus. Alabama State Troopers say the accident occurred on Tallassee Hwy at Firetower Road was involving an Elmore County school bus.OfficialsMore >>
Troopers are working a scene of a fatal accident involving a school bus.More >>
Retired managers Joe Torre, Tony La Russa and Bobby Cox have been unanimously elected to the baseball Hall of Fame by the expansion era committee.More >>
Retired managers Joe Torre, Tony La Russa and Bobby Cox have been unanimously elected to the baseball Hall of Fame by the expansion era committee.More >>
Scores of heads of state and other foreign dignitaries are beginning to converge on South Africa as the final preparations for Tuesday's national memorial service for liberation struggle icon Nelson Mandela are...More >>
Workers busily constructed a stage Monday at the Soweto soccer stadium where world leaders will eulogize Nelson Mandela before tens of thousands of mourners, as police promised tight security.More >>
Eight major tech giants have called for tighter controls on government surveillance, joining forces to argue there should be reforms in the way the United States snoops on people.More >>
Major technology companies, stung by poor publicity for having helped the U.S. government access personal data, on Monday issued an open letter to President Barack Obama asking for tighter controls on surveillance.More >>
Thailand's prime minister announced Monday she will dissolve the lower house of Parliament and call early elections in an attempt to calm the country's deepening political crisis.More >>
Desperate to defuse Thailand's deepening political crisis, Prime Minister Yingluck Shinawatra dissolved the lower house of Parliament on Monday and called for early elections. But the moves did nothing to stem a...More >>
PHOENIX (AP) -
A new report from Arizona State University's business school confirms that 2012 was a year for a major rebound for the Phoenix area's housing market.
The report shows median home prices jumped by nearly 34 percent between December 2011 and December 2012. The median price for an existing home went from $122,500 to $164,000 during that time and the supply of homes for sale fell by 6 percent.
A huge dip in foreclosures also was seen, with ASU's Mike Orr tracking a 51 percent drop. Orr said Thursday that's a signal that the end of a yearslong housing market crisis is in sight.
The big increase in prices means investors are also cooling to the market and leaving slightly less competition for regular buyers.
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