Value of real estate up 6.8 percent in past year

By HOWARD FISCHER

Capitol Media Services

SERVING PINAL COUNTY FOR MORE THAN A CENTURY

NO. 202 VOL. 104

TriValleyCentral.com

WEDNESDAY AUGUST 26, 2015

PHOENIX — After years of disappointing performance, there are real signs of life in the Arizona real estate market. New figures Tuesday from the Federal Housing Finance Agency show that home prices overall in the state rose 6.8 percent in the past year. And when the agency adds in home values, as measured by refinancings, that figure hits 7.0 percent. The comparable national figures are 5.4 percent for prices and 6.2 percent for overall values.

RENTERS PAYING MORE

Rents rose 4.2 percent in July from a year ago, suggesting that demand for apartments is continuing to grow.

Business, 8A — Arizona values, Page 9A