ASU confirms 2012 saw booming Phoenix home prices - WSFA.com Montgomery Alabama news.
Member Center:
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.
Copyright 2013 Associated Press. All rights reserved.
Trump tweeted, deleted, tweeted, deleted and tweeted before getting the spelling right.
More >>Trump tweeted, deleted, tweeted, deleted and tweeted before getting the spelling right.
More >>A Forrest County Judge sentenced a man to 40 years behind bars for impregnating his daughter.
More >>A Forrest County Judge sentenced a man to 40 years behind bars for impregnating his daughter.
More >>A wildlife removal expert captured a monster rattle snake beneath a home near Six Flags.
More >>A wildlife removal expert captured a monster rattle snake beneath a home near Six Flags.
More >>Shreveport Police are searching for New Orleans based rapper Mystikal and another woman after arresting one man after an alleged sexual assault.
More >>Shreveport Police are searching for New Orleans based rapper Mystikal and another woman after arresting one man after an alleged sexual assault.
More >>The idea of being afraid of a new opportunity can be daunting to most adults, but two young children at Cedar Ridge Elementary School seemed to have figured it out.
More >>The idea of being afraid of a new opportunity can be daunting to most adults, but two young children at Cedar Ridge Elementary School seemed to have figured it out.
More >>Teenage brothers Josh Spencer and Steward Spencer III have been found after they drowned in the Gulf of Mexico, according to authorities and family.
More >>Teenage brothers Josh Spencer and Steward Spencer III have been found after they drowned in the Gulf of Mexico, according to authorities and family.
More >>On Friday, an investigator with the Madison County Sheriff’s Office was arrested on sex crime charges.
More >>On Friday, an investigator with the Madison County Sheriff’s Office was arrested on sex crime charges.
More >>City crews arrived at the Confederate Soldiers and Sailors Monument late Tuesday evening with supplies after Birmingham Mayor William Bell ordered the Linn Park structure covered earlier in the day.
More >>City crews arrived at the Confederate Soldiers and Sailors Monument late Tuesday evening with supplies after Birmingham Mayor William Bell ordered the Linn Park structure covered earlier in the day.
More >>An Opelika man has died from a gunshot injury according to the Lee County Coroner's Office.
More >>An Opelika man has died from a gunshot injury according to the Lee County Coroner's Office.
More >>Officials have confirmed that the second suspect wanted for shooting 4-year-old Carter Hill during a road rage incident has been arrested in Alabama.
More >>Officials have confirmed that the second suspect wanted for shooting 4-year-old Carter Hill during a road rage incident has been arrested in Alabama.
More >> |  12 East Delano Avenue
Montgomery, AL 36105 (334) 288-1212
All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.
|
