April 18, 2024 3:01 pm
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Bubble watch for Phoenix housing? Nah

Bubble watch

Bubble watchBy Catherine Reagor, The Republic | azcentral.com

During 2012-13, median home prices jumped more than 65 percent in the Phoenix area, and that increase led some national housing analysts to place Phoenix on a bubble watch list.

But a new report from real estate website Trulia ranks far down the list of overvalued housing markets. Trulia compared current home prices with historical prices, incomes, and rents to determine if an area is overvalued.

Here’s how the top 10 ranked, and the percentage Trulia estimated home prices were overvalued:

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.