Phoenix housing market shows improvement
According to CoreLogic, a real estate information and analytics service, homes values are increasing all across Arizona.
The February Home Price Index Month-Over-Month Increase When Excluding Distressed Sales report found that including distressed sales, Arizona was one of the five states with the highest appreciation rate at 4.5 percent. The state was also one of the top five for largest peak-to-current declines including distressed transactions at negative 49.8 percent.
These values were largely impacted by the housing market in the Phoenix-metro area. Home prices are a steady rise in the Maricopa –Pinal counties, resulting in the strengthening of the market and making a home purchase a positive investment for most people.
Homebuyers looking for a house off the MLS listings in Phoenix may wish to consider communities such as the City of Maricopa. Located 20 minutes south of Phoenix, this city has grown substantially in very little time – from 5,000 residents in 2003 to 43,000 in 2010. According to the U.S. Census the population has increased a remarkable 4081 percent.