real estate

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.

The truth about

Homeowners happy with the current double-digit increases in values should be warned: There could be a bubble. And bubble can go 'pop.'

AZ Home Sales Up

May 24, 2012
the truth about

A new report today paints a mixed picture of home values in the state. 

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.