Lucas News and Real Estate Report
Median Price Graph
    3/13   4/13    5/13    6/13   7/13   8/13
Phoenix
 $168K   $172K  $175K   $180K  $185K   $182K 
Tempe  $173K  $178K   $195K  $202K   $200K  $194K
Chandler  $214K  $207K  $225K  $227K  $245K  $232K


Phoenix Real Estate Market Update
For a charts and graphs overview check the How's The Market section of our website.


Real estate numbers for August, 2013 relative to August, 2012:
- Active Listings: 16,664 versus 12,815 last year – up 30% –
and up 12% from 14,926 last month
- Monthly Sales: 6,879 versus 7,431 last year – down 7% –
and down 15% from 8,071 last month
- Monthly Median Sales Price: $182K versus $146K last year –
up 25% – and down 2% from $185K last month



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Great Chandler Location
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Mortgage rates dip as Fed holds stimulus steady
Mortgage interest rates fell after the Federal Reserve said last week that it won't pare
back its stimulus program.

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Phoenix housing market's turnaround creates new issues
More than 100,000 houses stood vacant across metro Phoenix barely three years
ago — roughly one of every 10. Today, it’s more like one out of every 100.

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Phoenix home starts and jobs fell in August
Home building slowed slightly in during August, and the number of construction
workers on the job dipped. There are two signs a long-awaited recovery of the
region’s new-home market is on hold. But why isn’t an easy answer.

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At least 350,000 Arizona families got housing aid
Federal housing aid has helped an estimated 350,000 or more Arizona families
get more affordable monthly payments and other loan modifications.

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Thinking of buying or selling a home?
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