Fannie Mae says Home Purchase Sentiment Index (HPSI) shows in increase of 13 points in September likely due to a strong selling environment and increasing rents, causing more renters to take a closer look at home-ownership.
Home prices increased by 1.2% in August from the previous month, and 6.9% from the previous year according to CoreLogic's August 2015 Home Price Index. They are also projecting a 4.3% increase by August 2016.
Phoenix Valley Real Estate News
Chandler, Arizona was named in a report from Livability.com as one of the top cities for families based on households with kids, crime, schools, cost of living, etc... Search Chandler Homes For Sale.
The number of out of state buyers has dropped recently. A 3% drop since August of 2014. Michael Orr says that more Canadians are selling and investors are finding it harder. Arizona's largest out of state buyers continue to come from California...read more at ktar.com
Yes, this is a real thing! It happens when people move out of their homes once the foreclosure proceedings have started, but something holds up the process or it's even cancelled. In this phenomenon, the title to the property remains in the homeowner's name. Over 20,000 homes were vacant zombie homes at the end of the third quarter, but are on the decline. RealtyTrac shows a drop of 27% from the second quarter, and 43% from the previous year.
Chandler Has The Cheapest Gas In The Valley
Gas prices have been dropping all throughout the valley as of late, but only one can be the cheapest. And the winner is...Chandler! According to GasBuddy.com you can find the cheapest gas at several locations in Chandler for $1.88/gallon at the time this blog was posted.