Home Values Stabilizing in Arizona

Recent studies in Arizona have shown home sales rising and values leveling off. The good news however is limited to detached single family homes, Condominiums and townhouses still experienced a decline in October. The numbers reflect a large pool of investors grabbing up short sales and bank owned homes. With a steady flow of foreclosures still entering the Phoenix market the stabilization of the Arizona real estate market is still out if reach. Foreclosure information and short sale advice is mandatory reading for anyone in the Phoenix real estate market.