Valley Home Prices Up Again
Valley home prices up again – May marked the second consecutive month that an index of Phoenix-area home prices rose – the latest sign that home prices are stabilizing. The ASU-Repeat Sales Index rose 2.7% from a year earlier. The index posted its first gain in about three years in April – rising 1%. ASU real-estate professor Karl Guntermann expects the year-over-year price gains to continue through the summer. Read full article:
http://www.azcentral.com/business/realestate/articles/2010/06/16/20100616home-price-index-valley-up-2nd-month-row.html
Mortgage applications rise nearly 18 percent – The number of customers applying for mortgages jumped last week, signaling that the market could be stabilizing after dropping off sharply last month. The Mortgage Bankers Association reported that overall applications were up nearly 18% from a week earlier. Applications to refinance home loans were up 21% to the highest level since May 2009. New mortgages taken out to purchase homes increased for the first time in six weeks – rising 7%. Read full article:
http://www.msnbc.msn.com/id/37736704/ns/business-real_estate/
For more Information on Buying and Selling Homes in Arizona go to:
Arizona Home Information 