| Good Signs for Phoenix Housing Market |
| Sunday, 07 October 2007 06:53 |
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For the 5th straight month new-home closings in the Phoenix market did not lose ground. There were 3,110 in August. New home prices are down to a typical $255,000 from $285,000 in 2005. Analysts suggest the median price of a new home in the market should be in the $220,000 range based on normal increases. The market is expected to turn the corner in early 2008. |