Monday, April 21 2014 8:33 AM EDT2014-04-21 12:33:29 GMT
Thirty years ago, big media companies failed to convince the Supreme Court of the threat posed by home video recordings.More >>
Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their...More >>
Monday, April 21 2014 8:15 AM EDT2014-04-21 12:15:13 GMT
One year after a pair of homemade pressure-cooker bombs killed three people and wounded more than 260 others, turning a day of athletic triumph into one of tragedy, the Boston Marathon returns to the streets Monday.More >>
A year after a pair of homemade pressure-cooker bombs killed three people and wounded more than 260 others at the Boston Marathon, runners and spectators began filtering in Monday morning at the starting line in Hopkinton...More >>
Monday, April 21 2014 5:53 AM EDT2014-04-21 09:53:20 GMT
South Korean President Park Geun-hye said Monday that the captain and some crew members of the sunken ferry committed "unforgivable, murderous acts" in the disaster, which left more than 300 people dead or missing.More >>
South Korean President Park Geun-hye said Monday that the captain and some crew members of the sunken ferry committed "unforgivable, murderous behavior," while criticism of her own government's handling of the disaster...More >>
Monday, April 21 2014 4:13 AM EDT2014-04-21 08:13:40 GMT
From the disappearances of aviator Amelia Earhart to labor union leader Jimmy Hoffa, there's just something about a good mystery that Americans find too tantalizing to resist. Perhaps that's why the saga of...More >>
From the disappearances of aviator Amelia Earhart to labor union leader Jimmy Hoffa, there's just something about a good mystery that Americans find too tantalizing to resist. Perhaps that's why the saga of missing...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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