HOUSING IS ON THE RISE, VALUES RISE FOR FIRST TIME IN 3 YEARS

It is about time the truth is revealed! I show property values up 8.3% here in Metro Phoenix market since March, according the data from the ARMLS. We are seeing bidding wars, it is crazy out there. But some homes aren’t selling. Well look at the ones that are selling, are they priced even close??? New article from aol below about the Case Shiller data showing prices up!

Prices Rise for First Time Since ’06

According to the latest S+P/Case-Shiller data, the 20-city index rose 0.5 percent from April to May, although it is still down 17.1 percent year over year from last May. After 16 consecutive months of record annual declines, beginning in October 2007 and ending in January 2009, the index has now shown four consecutive months of improvement.

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