An article from Forbes.com, reports that Phoenix was ranked the #2 metro showing long-term promise for homebuyers.
The ranking was based on the following:
- How evenly distributed is sales activity;
- Price per square foot;
- Transaction rates (i.e., how active is the market).
Home sales in Phoenix are fairly evenly distributed showing proportionate activity. The price per square foot decreased 0.7% from Feb. 2009 to March 2009. Transactions increased 28.7% from March 2008 to March 2009.
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