According to Arizona State University's Repeat Sales Index, prices in Phoenix Arizona rose 0.8% from May to June 2009. The index compares prices of single family homes against itself at different points in time, rather than comparing different homes with different quality factors.
The median price of Phoenix Homes in June was $122,000 up from $119,000 in May. And according to the ASU-RSI, preliminary median prices for July was $125,000 and $127,000 for August.
Looking back it's clear we are increasing a couple of thousand dollars every month says Terry S. Smith from http://www.azlenderforeclosure.com/
The deals I'm seeing with multiple offers tells me there is a big demand for homes in the lower price range.
Investors from California are buying up the lower priced homes and renting them with 2-300 positive cash flow every month.
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