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According to The W. P. Carey School of Business at Arizona State University, in an article entitled Phoenix-area Home Prices continue to Soar- Market also Has Short supply, Increase in Foreclosures… “Phoenix-area home prices have been zooming up for months, and the streak continued in May. Metro Phoenix Home Search However, a new report from the W. P. Carey School of Business atArizonaStateUniversitytakes a closer look at the short supply of available houses, an increase in … [Read more...]
More Arizonians are optimistic that home prices will slightly increase up over the next year, with expectations that prices will climb at least 1.4 percent in that timeframe. That marks the highest amount ever recorded in the monthly National Housing Survey conducted by Fannie Mae. Thirty-four percent — also the highest ever recorded — of the 1,000 respondents in the May housing survey say they expect to see a boost in home prices in the next year. Forty-one percent say they think … [Read more...]