By Jeffrey Bukhari and Elly Yu After taking one of the largest hits during the financial crisis, the housing market in Phoenix has rebounded markedly in the past year. As home prices have risen more than 11 percent nationally since March 2012, the Phoenix area has seen values jump more […]
Author: Elly W. Yu
Home Sales Expected to Make Steady Gains in March
Sales of existing homes are expected to rise in March, falling in line with the housing recovery over the past year. Economists surveyed by Bloomberg predict existing home sales rose 0.6 percent in March, to an annual rate of 5.01 million. The National Association of Realtors will release the report […]
Labor Shortages in Residential Construction
As the housing market shows signs of recovery and inventory remains low, the demand for new homes is bustling. But there’s one problem – builders across the country are having a hard time finding skilled construction workers to build them. Many skilled laborers who worked in residential construction – plumbers, […]
Existing Home Sales Reach Three-Year High
Existing homes sales ticked up in February to the highest rate in three years, another sign that the housing market is recovering. The seasonally adjusted annual rate rose 0.8 percent from January to 4.98 million, up from an upwardly revised 4.94 million, the National Association of Realtors reported Thursday. That’s […]
Home Sales Strong at Start of Year
Existing home sales rose steadily in January in most of the country and left the supply of homes at a 13-year low, signaling the housing market is recovering. The 0.4 percent increase from December took the seasonally adjusted annual rate to 4.92 million, the National Association of Realtors reported Thursday. […]