The real estate recovery is happening even in the hardest hit areas like Phoenix. Fremont isn’t the only place seeing prices rise.
From DS News
After being known as one of the hardest-hit cities, Phoenix has been gaining recognition for its rapidly rising prices. DataQuick reported the median sale price of a home in the Phoenix metro area in June rose for the seventh month in a row to $152,000, the highest level since late 2008. One of the reasons for the upswing in prices is the decline in foreclosure resales, according to DataQuick. Foreclosure resales fell to 21.2 percent of the resale market in June. The figure is the lowest level since January 2008, when foreclosure resales accounted for 18.6 percent of the resale market. » Read More
SUNIL SETHI REAL ESTATE