Homebuyer sentiment rises in metro Phoenix

ConfidenceBy Catherine Reagor |The Republic | azcentral.com

People in metro Phoenix are more confident about the area’s housing market than people living in most other parts of the U.S.

A new index tracking how residents of the country’s largest metro areas feel about buying or owning a home has been produced by real estate research firm and brokerage Zillow.

The Valley’s overall housing confidence index is 66.7 percent, higher than the national figure of 63.7 percent, according to the first Zillow Housing Confidence Index. More than 300,000 people nationwide were polled for the inaugural index.

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