Stabilizing Home Prices Trending Solid
The National Association of Realtors reported Wednesday that the trend in stabilizing home prices solidified in second-quarter 2010 as more metro areas showed improvement over 2009 — including Phoenix. The median price for a home resale in Phoenix stood at $144,700 in the second quarter, according to the NAR - a 10.4% increase over second-quarter 2009. The number of single-family home sales also is up. NAR reports a seasonally adjusted annual rate of 157,200 homes based on second-quarter activity in Arizona. That’s up 3.1% from the first quarter and 4.5% compared with a year ago.
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http://www.bizjournals.com/phoenix/stories/2010/08/09/daily34.html?s=industry&i=resi_real_estate
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