Phoenix Employment and Home Prices Back on Track

Fletcher Wilcox’s June housing report shows Phoenix has weathered the worst of the recession and can look forward to continued job growth and rising single-family home values in the coming months. The Valley’s median home price is currently $206,000, a 72% jump from its August 2011 low. Additionally, employment has risen 6% from June 2011 to 1.77 million, and foreclosure starts have fallen 84% over the last four years. Although Phoenix still has room to improve before reaching its pre-recession peaks in home prices, employment, and foreclosure starts, the overall trend is positive.

Read the full article at Phoenix Business Journal