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A coalition of Syrian opposition groups has confirmed its choice for a new army chief after the former military leader refused to step down.More >> Syrian government forces seized a town from rebels near the Lebanese border on Saturday, their latest attempt to cut off opposition fighters' fluid supply lines from the country, state media and activists said.More >> Search and rescue crews across Southeast Asia scrambled on Saturday to find a Malaysia Airlines Boeing 777 that disappeared from air traffic control screens over waters between Malaysia and Vietnam early that...More >> Vietnamese air force planes on Saturday spotted two large oil slicks close to where a Malaysia Airlines Boeing 777 went missing earlier in the day, the first sign that the aircraft carrying 239 people had crashed.More >> ![(Source: MGN)]( "(Source: MGN)")
(Source: MGN)A federal judge wants a mental evaluation for a former Ku Klux Klan leader who pleaded guilty to burning a cross in a black neighborhood in Ozark.More >> A federal judge wants a mental evaluation for a former Ku Klux Klan leader who pleaded guilty to burning a cross in a black neighborhood in Ozark.More >> One of the biggest mysteries hanging over the protest mayhem that drove Ukraine's president from power: Who was behind the snipers who sowed death and terror in Kiev?More >> One of the biggest mysteries hanging over the protest mayhem that drove Ukraine's president from power: Who was behind the snipers who sowed death and terror in Kiev?More >> China's foreign minister sounded a note of defiance to the country's neighbors Saturday over rival territorial claims, and said good relations with Washington depend on mutual respect.More >> China will never make concessions in territorial disputes with its neighbors, while good relations with the U.S. depend on Washington respecting Beijing's sovereignty claims, Foreign Minister Wang Yi said Saturday.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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