Living in Phoenix

The words that real estate professionals choose to describe a property in listing ads could potentially result in the home selling for a premium, suggests an analysis that looks at listing descriptions and their effect on sales price and probability of sale.

New homes – those that are four years old or less – can be cheaper to maintain than older homes, according to data from the American Housing Survey.

Which cities offer some of the best settings for a family life? To find out, Forbes evaluated America’s 100 largest metro areas, factoring in median household income, cost of living, housing affordability, average commuting delays, crime rates, school quality, and the percentage of residents who own the home.

Young professionals are heading to cities and some have vowed to stay, forsaking the suburbia completely.

Economist Robert Shiller, a Yale University professor, told CNBC on Tuesday that even though the housing market is showing some signs of slowing, the recovery still remains strong.

For the second consecutive week, fixed-mortgage rates eased, offering home buyers a slight bump in affordability in the midst of the spring home-buying season, Freddie Mac announced in its weekly mortgage market report.

Due to the land shortage, builders have been raising prices. D.R. Horton saw its average sales price increase 10 percent to $275,600 during the three-month period ending Dec. 31. PulteGroup’s revenue jumped 13 percent because of a rise in its average sales price, despite the builder slowing the pace of construction, Reuters reports.

Search Phoenix MLS at Living in Phoenix, the website and blog for Robert Foreman, HomeSmart Elite. Search Phoenix metro area for homes and newbuilds alike.

More home owners in the foreclosure process are finding that their home may no longer be underwater, according to a new report by RealtyTrac.

What’s your home worth? This free home evaluation is an automated online tool that taps into up-to-the minute Phoenix MLS data.