There have been several positive articles and reports that indicate that maybe the we are on our way to better times in the Phoenix Real Estate Market.
Additionally, mortgage rates dropped for the third week in a row.
The 30-year fixed-rate mortgage averaged 5.14 percent for the week ending July 16, down from 5.20 percent for the previous week. One year ago, the 30- year rate averaged 6.26 percent.
Fifteen-year fixed rate loans averaged 4.63 percent, down from last week when it was 4.69 percent. A year ago at this time, the 15-year FRM averaged 5.78 percent.
Here are some recent articles with good news for a change:
July 17.2009 Fulton Homes sees burst of sales in recession
July 17, 2009-Housing starts surge from CNN Money
July 8, 2009- Valley homes Sales up in June
April 29, 2009-Blandford Homes buys Gilbert lots after Randall Martin Homes defaults-Good news when half built subdivisions are being completed.
{ 3 comments… read them below or add one }
Basing on the information given, i would agree that Pheonix Real Estate Market is rebounding. That is a positive outcome.
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