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Home prices up, but not in Arizona


Mon, 08/30/2010 - 00:01







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By Howard Fischer
Capitol Media Services

PHOENIX — Housing prices nationwide are finally starting to go up.

But not in Arizona.

Figures released last week from the Federal Housing Finance Agency show the average price of a home that sold in Arizona in the second quarter of the year was off by about 1.7 percent from the first quarter.

That brings the year-over-year price drop to more than 8.2 percent. Only Idaho, where prices dropped by 11 percent, fared worse on an annual basis.

By contrast, the situation appears to be improving in much of the rest of the country.

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ssanchez on Mon, 08/30/2010 - 23:42
Title: Home prices up, but not in Arizona

We should all be wary of this fact that home prices have gone up, but it
doesn’t really mean that the normal activities of buying and selling real
estate is taking place. That is the reason why there is such high
unemployment rate, high foreclosure rate, and lastly high bankruptcy rate.
The threat of a double dip recession is looming over heads, even if it means
that one or two good months of housing numbers. Personal bankruptcy is so
common now that is now considered acceptable to file for bankruptcy to seek
financial relief. …

Mohawk001
Premium Member
on Mon, 08/30/2010 - 10:31
Title: too high to begin with

Perhaps because they are high compared to much of the country. Especially
here in Sierra Vista are they high. For all those complaining about the base
being a drain on the US economy, they are also willing to try and get “their
share”, just through a different means.