US home prices rise at 12.1 pct. in June

By Christopher S. RugaberAssociated Press
Tue Aug 27, 2013  9:13 AM

WASHINGTON — U.S. home prices rose 12.1 percent in June from a year earlier, nearly matching a seven-year high. But month-over-month price gains slowed in most markets, a sign that higher mortgage rates may weigh on the housing recovery.

The Standard & Poor’s/Case-Shiller 20-city home price index slowed only marginally from May’s year-over-year gain of 12.2 percent, the fastest since March 2006. And all 20 cities posted gains from the previous month and compared with a year ago, according to the report released Tuesday.

Home prices in Las Vegas soared 24.9 percent from a year earlier to lead all cities. Purchases by investors have helped drive that increase.

Other cities hit hard by the housing bust also posted stunning gains in the past year. Prices have jumped 24.5 percent in San Francisco and nearly 20 percent in both Phoenix and Los Angeles.

Still, 14 of the 20 cities posted smaller gains in June compared with May. That’s unusual considering June is the middle of the summer buying season.

For complete AZCENTRAL.COM story, click here.

Row Homes on Verrado Way – Update

Frank Residential forges ahead, infrastructure is in place, foundations being poured, framing by next week… Contact Pat Redfield for additional information, predfield@verradorealty.com.

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Buckeye ranked 3rd in places to live in Arizona

Out of 64 communities in Arizona, Buckeye came in third… Final scores were based on the following criteria: schools’ academic performance (based on ratings from GreatSchools.org); median home values; monthly homeowner costs; median household income; and income change between 1999 and 2011 — a measurement of growth.

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Verrado Realty Community Newsletter Now Available

It has been a busy summer in Verrado. VR Newsletter Cover

We have been experiencing increased activity, averaging a sale every three days in the last quarter.

See the Verrado Market Update in our Summer Newsletter and find out what we have been up to over the past few months.  You can also read about the latest community news.

We are proud to serve the community of Verrado. Please contact us if you have any questions about the information presented in our newsletter and learn if the time is right for you to sell.

Verrado leads way with 2013 New Builds!

The region’s top selling master-planned communities ranked by building permits through late July.

Verrado in Buckeye — 146.

Vistancia in Peoria — 113.

Palm Valley in Goodyear — 108.

Mountain Bridge in Mesa — 94.

Power Ranch in Gilbert — 84.

Click here for complete AZCENTRAL.COM article