Podcast: Real estate markets — 20 percent of mortgages under water nationally
High foreclosure rates and negative equity continue to haunt real estate markets across the nation. In fact, a new report states that about 20 percent of mortgages nationally are under water.
ASU-RSI: Phoenix home prices expected to flatten (your sector may vary)
The small increases in Phoenix housing prices that began this spring will likely continue for only a month or two longer, then flatten out for "an extended period," said Karl Guntermann, a professor of real estate who calculates the ASU-Repeat Sales Index (ASU-RSI) at the W. P. Carey Sc
Podcast: Phoenix housing market remains on shaky ground
Although the number of Valley home resales for June has improved over May, there's no doubt the market remains on shaky ground.
Analysis: Is the glass half full or half empty?
Looking at the responses from the Greater Phoenix Blue Chip Forecast panelists this quarter, consultant and Greater Phoenix co-editor Elliott D. Pollack asks: "Is the glass half full or half empty?" If the glass is half empty, he says, there will be no quick recovery.
Podcast: Transition year ahead for Phoenix real estate market
2009 was a record year for real estate transactions in the Phoenix metro market. In fact there were 2,000 more transactions last year than in the previous record-setting year, which was 2005.
ASU-RSI: Artificial market hard to predict
The Phoenix real estate market began to turn around in 2009, but the improvement was driven by foreclosures and by investors drawn to the resulting low prices, according to the latest ASU Repeat Sales Index (ASU-RSI) report.
Podcast: New Year expected to bring fresh round of foreclosures
Real estate experts are watching for signs that the Phoenix market is returning to normal. Activity slowed a bit in November — a hopeful sign because it is consistent with seasonal norms. But the market is still feverish.
ASU-RSI: Signs pointing to improvement
The ASU Repeat Sales Index (ASU-RSI) continued to decline in June, but the numbers contained positive signals that improvement is the trend in the Phoenix metro real estate market.
The Economic Minute: Phoenix and the recovery, or beyond ground zero
In this edition of The Economic Minute, economist Dennis Hoffman says that Arizona could be called "ground zero of the worst recession since World War II." The hard economic fact is that Arizona depends on in migration to keeps its economy vibrant, and the state is not exactly a people magnet rig
Phoenix housing market showing signs of recovery, but still has issues
It's Indian Summer in the Phoenix real estate market: Like a replay of the traditional high sales months, resale activity increased in October -- from 9,070 sales in September to 9,955.