The price of new homes in Phoenix, USA, is lower than the previous two months, and rents have increased.

The price of new homes in Phoenix, USA, is lower than the previous two months, and rents have increased. The average price of new homes in the greater Phoenix area has dropped from $305,000 in May to $29...

The average price of new homes in the greater Phoenix area has dropped from $305,000 in May to $292,000. Sellers of new or existing homes have lowered their past dues. Across Phoenix, the average sales price of a second-hand home has recently hovered at $205,000. Real estate analysts say they don't have high hopes that new home prices will continue to surge unless demand for homes changes significantly. Meritage Homes sold 95 new homes in June, making it the top-selling builder in Phoenix, with new homes in the southeastern San Tan Valley neighborhood the most popular among buyers. At the same time, housing rents are slowly rising. Signing a rental contract is no longer easy. The rent for an apartment in June was $820 per month, while the same apartment rented for $817 in May. The rent in June 2013 was only $783. Rental prices are likely to stabilize relatively quickly because more and more new apartments are being built. About 2,900 apartments were built in Phoenix last year. This year 5,500 apartments were built and under construction. The trend of rising rents should stabilize soon. For more real estate news, please contact Tinna. Tel: 480-287-0180 E-mail: goldtrustrealty2010@ gmail.com