Wednesday, July 23 2014 10:03 AM EDT2014-07-23 14:03:00 GMT
A plane making a second landing attempt in stormy weather crashed at an airport on a small Taiwanese island late Wednesday, killing 51 people and injuring seven, fire officials said.More >>
A plane making a second landing attempt in stormy weather crashed at an airport on a small Taiwanese island late Wednesday, killing 51 people and injuring seven, fire officials said.More >>
Wednesday, July 23 2014 9:53 AM EDT2014-07-23 13:53:10 GMT
Ukraine is preparing a departure ceremony for the bodies of victims of the Malaysia Airlines disaster, which are being flown to the Netherlands.More >>
Two military aircraft carrying the first bodies of victims of the Malaysia Airlines crash left the embattled plains of eastern Ukraine Wednesday, and pro-Russian rebels shot down two Ukrainian fighter jets as fighting...More >>
Wednesday, July 23 2014 9:47 AM EDT2014-07-23 13:47:10 GMT
A community panel will meet today to discuss how to make our neighborhoods safer. It's new effort is hosted by the Central Alabama Community Foundation and it comes on the heels of deadly few days in theMore >>
A community panel will meet today to discuss how to make our neighborhoods safer. It's new effort is hosted by the Central Alabama Community Foundation and it comes on the heels of deadly few days in the capital city.More >>
Wednesday, July 23 2014 8:22 AM EDT2014-07-23 12:22:31 GMT
Iraqi officials say the death toll from a late night suicide attack targeting a police checkpoint in Baghdad has climbed to 31 people, most of them civilians.More >>
Iraq's parliament convened to vote for a new president on Wednesday as the extremist Islamic State group claimed responsibility for a suicide bombing in Baghdad the night before that killed 31 people, mainly civilians.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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