PUYALLUP, Wash. – May 18, 2023 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the...Read
Foreclosures Fall, Home Prices Rise in Phoenix
According to separate reports from Arizona State University and CoreLogic, single-family home prices in Phoenix are on the rise and foreclosures are declining. The median home prices jumped 30% year-over-year in July to $194,150. Foreclosures fell 56% over the same period.
However, negative equity continues to plague the MSA. In Q2 2013, 231,000 homeowners found themselves underwater. That figure represents 26% of the state’s mortgage owners and nearly double the national rate of 14.5%.
Read more at Phoenix Business Journal