tag:blogger.com,1999:blog-79424414351793083492024-02-08T12:58:50.608-05:00Blue Collar AgentsAnonymoushttp://www.blogger.com/profile/06778714342501166311noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7942441435179308349.post-83667485808882561822016-02-22T10:32:00.003-05:002016-02-22T10:32:46.665-05:002015 good for metro Phoenix housing; why 2016 could be better<h2 class="lead-in">
After 9 percent growth last year, this year could be one of the best for Valley in the past decade, expert says</h2>
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<img alt="Home sales" class="expand-img-horiz" data-mycapture-sm-src="http://www.gannett-cdn.com/-mm-/e355eea8ef62c48bada3b44bf7172a519a234f84/r=500x336/local/-/media/2015/12/10/Phoenix/Phoenix/635853521553911917-PNILaVoz-04-10-2015-LaVoz-1-A007-2015-04-09-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC-L593241642-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC.jpg" data-mycapture-src="http://www.gannett-cdn.com/media/2015/12/10/Phoenix/Phoenix/635853521553911917-PNILaVoz-04-10-2015-LaVoz-1-A007-2015-04-09-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC-L593241642-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC.jpg" itemprop="url" src="http://www.gannett-cdn.com/-mm-/98cdc60f12486c20cf7fe7dd4823fc270720d453/c=317-0-3078-2076&r=x404&c=534x401/local/-/media/2015/12/10/Phoenix/Phoenix/635853521553911917-PNILaVoz-04-10-2015-LaVoz-1-A007-2015-04-09-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC-L593241642-IMG-VOZ0410-ciudad.jpg-1-1-H8AF70DC.jpg" /></h2>
Among the positive signs:<br />
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<li>Resales were up 10 percent in 2015, according to ARMLS’ new STAT report.</li>
<li>The region’s existing home price climbed 9 percent.</li>
<li>New home construction jumped 46 percent, according to RL Brown Housing Reports.</li>
<li>And pending foreclosures are down 26 percent to the lowest level since 2006.</li>
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Millennials deciding to buy homes, and boomerang buyers, who lost
houses to foreclosure, qualifying for mortgages again gave Phoenix’s
market a boost last year.<br />
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The big bump in sales and prices from those big groups of potential
home buyers is expected to come this year. But most from these groups
aren’t buying million-dollar mansions.<br />
The Valley’s luxury market
isn’t faring as well as the rest. The first half of 2015 was strong for
sales of houses priced above $800,000. But in December, these pricier
deals dropped 30 percent.<br />
For the entire article: <a href="http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/01/28/2015-good-metro-phoenix-housing-why-2016-could-better/79456932/#">http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/01/28/2015-good-metro-phoenix-housing-why-2016-could-better/79456932/#</a><br />
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And for more Real Estate News in Arizona: <a href="http://mortgageandrealestatenews.blogspot.com/">http://mortgageandrealestatenews.blogspot.com</a><br />
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Anonymoushttp://www.blogger.com/profile/06778714342501166311noreply@blogger.com0