By all accounts the Phoenix housing market is showing signs of stability and recovery as the value of a typical single-family home continues to rise.
Median single-family home prices — the metric of normalcy in any metropolitan housing market — in the Phoenix area grew more than 25 percent reaching an average of $157,000 toward the end of 2012, a December Arizona State University housing report states.
Experts say the housing recovery is steady with investors still having a healthy appetite for rentable properties while first-time homebuyers are, at times, finding themselves squeezed out by cash buys.
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Authored By Terrance Thornton – See the Full Story at News Zap
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