The Phoenix housing market, which was flooded with foreclosures and underwater home owners and saw home values dip greatly during the housing crisis, is coming back strong. Home values in metro Phoenix and the rest of the state of Arizona are posting the fastest growth rates in the nation, according to CoreLogic home value data, which includes foreclosures and short sales.
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Homes grew by 88 square feet last year, marking the first year in four years that average new-home size increased instead of decreased, according to Census Bureau data.
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A hacker has reportedly leaked nearly 6.5 million LinkedIn passwords.
LinkedIn on Wednesday issued an apology to its members for the security breach.
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The latest Housing Scorecard from the Obama administration showed real estate stabilizing in every region of the country, but it still has a long way to go in the road toward full recovery.
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Recent price increases with bank-owned homes are helping to provide an overall boost to the housing market, a recent report from Clear Capital says.
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U.S. attorneys are increasing their scrutiny of FHA lenders, having recouped $1 billion in losses for the agency from Bank of America, Deutsche Bank, Citigroup, and Flagstar, and issued subpoenas for information from others.
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