housing market

KNAU and Arizona News
3:51 pm
Thu January 8, 2015

On Arizona Visit, Obama Announces Lower Mortgage Insurance Rates

Obama speaks Thursday at Central High School in Phoenix about the nation's recovering housing market.
Credit Carolyn Kaster/AP

During his visit to Arizona this week President Obama announced the lowering of federal mortgage insurance rates. As Arizona Public Radio’s Ryan Heinsius reports, the move is designed to boost the housing market by helping first-time home buyers.

Read more
KNAU and Arizona News
5:00 am
Thu January 8, 2015

Local Realtors Welcome Loosening of Federal Mortgage Standards

President Obama will speak this morning in Phoenix. One topic he’s expected to cover is the federal government’s easing of some mortgage restrictions in order to boost the nation’s housing market. As Arizona Public Radio’s Ryan Heinsius reports, northern Arizona has seen a healthy increase in recent years in home buying.

Read more
KNAU and Arizona News
4:36 pm
Tue November 20, 2012

Housing Starts in AZ Up

A home in California under construction.
Credit Rishichhibber

Housing starts across the country are at their highest annual rate since 2008.

Read more
KNAU and Arizona News
4:00 am
Tue May 8, 2012

Phoenix Housing Market Undeniably Up

Ken Peterson is a vice president for Shea Homes, where sales are up almost 60 percent from last year.
Peter O'Dowd KJZZ

Here's a turnaround worth noting: The housing market in Phoenix is emerging from a historic slumber. Foreclosures are down, and new home sales are re-energizing the market -- up 35 percent from a year ago.

Let's get down to street level, shall we? How 'bout Ravenswood Drive near Gilbert's eastern edge.

Ken Peterson is a Vice President for Shea Homes. We're in a development called Spaces. And listen to this, air compressors and nail guns all around us.

Read more