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07/11/09
Foreclosures still drive home sales in metro area
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:10 pm

Phoenix-area home-resale activity in June reached a frenzied pace, rivaling the busiest period of the housing boom, but a high foreclosure rate had a major impact on those big numbers.

 

June sales of existing detached, single-family homes totaled 7,760 in Maricopa County, according to Arizona State University’s realty studies department, by far the highest number the Valley has seen since home prices began a precipitous decline in 2006.  more…



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