Continuing a distressed-market turnaround trend, the Phoenix-Mesa, Ariz., metro took the No. 1 position on the list with a 23.5 percent jump from a year ago
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As the greatest real-estate fire sale in the history of the United States rages on, the bulk buy is the dead hot deal of the moment.  Paying rent is getting more painful for renters across the country in the face of rising demand and tight supply. U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market. Pending home sales rose 7.3 percent in November and they were 5.9 percent the above November 2010 level…… Phoenix-area employee compensation is up 2.9 percent in the past year – the largest gain among major cities in the West. After more than 175,000 foreclosures in metro Phoenix in the past several years, mortgage lenders in Arizona have done an about-face, approving a record number of short sales………. With both home prices and mortgage rates at record lows, is this the time to buy? The Wall Street Journal thinks so, ESPECIALLY in the Phoenix market! U.S. house prices have plunged by nearly a third since 2006…………… A friend of mine who is involved in the wild mustang “movement” sent this article to me the other day; it was originally published in the Reno Gazette Journal………….. It’s no secret that foreclosures have been a big problem here and many people who lost their homes are now renting. As a result, rents are on the rise. Local Market Monitor estimates rents will increase by more than $100 a month over the next three years. |
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